The GA-63360 company uses direct labor cost as its allocation base for its predetermined overhead rate. The company reports $ 2,040 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-63360 company's predetermined overhead rate as a percentage of direct labor cost? Multiple Choice. 90% 70% 85% 80%