The Work-in-Process Inventory account of a manufacturing firm has a balance of $3,500 at the end of an accounting period. The job cost sheets of two uncompleted jobs show charges of $530 and $330 for materials used, and charges of $530 and $670 for direct labor used. Overhead is applied as a percentage of direct labor costs. The predetermined rate is:

Multiple Choice

• 83.3%.

• 243.1%.

• 120.0%.

• 41.1%.