Question Completion Status: 1.3 points Capri Boat Corporation uses a job order cost system and applies overhead based on a percentage of direct labor cost. Cost flows through the Work in Process Inventory account during March are given below: Beginning Balance Direct Materials Dad Labe Ovaal Ending Balance Work in Proce Transfarol Out 70,000 100,000 260,000 130.000 Only Job #007 was still in process at the end of March and this job had been charged with $40,000 in direct materials cost. Refer to the information above. The predetermined overhead application rate at Capri Boat is what percentage of direct labor costs? 38% 62% 260% 580% 16 tv N MacBook Air Save Antwer Shabe