1. The work-in-process inventory account of amanufacturingcompany shows a balanc

1. The work-in-process inventory account of amanufacturingcompany shows a balance of $3000 at the end ofanaccounting period. The job-cost sheets of the twoincomplete jobs show charges of $500 and $300 fordirectmaterials and charges of $400 and $600 for directlabor.From this information it appears that the companyisusing a predetermined overhead rate as a percentageofdirect labor costs. What percentage is the rate?