The Workin Process imentory account of a manufacturing company has a $4,400 deblt balance. The company applies overinead using direct labor cost. The cost sheet of the only job still in process shows direct material cost of $2,000 and direct labor cost of 5800 . Therefore, the companys predetermined overhead rate is: 40% of drect labor cont: so\% of deect laboe cost. 80% of drect lsbor cost. 300% of direct labor 000 . 200% of diroct iabor cont