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Rona is working to determine the material loading percentage for the following situation. The overhead costs for the company come to $38,400, and the other
Rona is working to determine the material loading percentage for the following situation. The overhead costs for the company come to $38,400, and the other overhead amounts to $16,000. In total, the cost for parts and materials is $320,000. The company also has a desired profit margin of 15%. What is the overall material loading percentage?
Select answer from the options below
38%
12%
32%
17%
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