The Work in Process Inventory account of a manufacturing company has a $5,633 debit balance. The company applies overhead using direct labor cost. The cost sheet of the only job still in process shows direct material cost of $2,300 and direct labor cost of $1,100. Therefore, the company's predetermined overhead rate is:

Multiple Choice

• 97% of direct labor cost.

• 203% of direct labor cost.

• 48% of direct labor cost.

• 49% of direct labor cost.

• 209% of direct labor cost.