The work-in-process inventory account of a manufacturing companyshows a balance of $3000 at the end of an accounting period. Thejob-cost sheets of the two incomplete jobs show charges of $500 and$300 for direct materials and charges of $400 and $600 for directlabor. From this information it appears that the company is usinga predetermined overhead rate as a percentage of direct laborcosts. What percentage is the rate?
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