The Work in Process inventory account of a manufacturing Corporation shows a balance of $18,000 at the end of an accounting period.
The job cost sheets of the two uncompleted jobs show charges of $6,000 and $3,000 for materials, and charges of $4,000 and $2,000 for direct labor.
From this information, it appears that the Corporation is using a predetermined overhead rate, as a percentage of direct labor costs, of:
A) 50%
B) 200%
C) 300%
D) 20%