The GA-45772 company uses direct labor cost as its allocation base for its predetermined overhead rate. The company reports $2,320 for the ending balance of its work in process inventory. The company has two incomplete products that respectively used $ 400 and $ 200 of direct materials, and $ 300 and $500 of direct labor. Using these facts, what is the GA-45772 company's predetermined overhead rate as a percentage of direct labor cost? Multiple Choice 120% 125% 105% 115%