The Work in Process Inventory account of a manufacturing company has a $9.440 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 $3,200 and direct labor cost of $2,000. Therefore, the company's predetermined overhead rate is: O 133% of direct labor cost 160% of direct labor cost. O 212% of direct labor cost. 47% of direct labor cost 63% of direct labor cost