The following Information applies to the questions displayed below 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 Work in Process Part 2 of 3 Beginning Balance Direct Materials Direct Labor Overhead Ending Balance Trans ferred Out 157,80e 48,888 79,88e 118,580 88,580 01.2B.19 Only Job #007 was still in process at the end of March and this job had been charged with $25,000 In direct materials cost The predetermined overhead application rate at Caprl Boat is what percentage of direct labor costs? Multiple Cholce 68%. 300%. 67%. 150%