(Answered) Question - leigh companys predetermined overhead rate is

Accounting

Question - Leigh Company's predetermined overhead rate is based on direct labor costs. The company's Work in Process account has a balance of $2,400, which relates to the one job that was in process at the end of an accounting period. The related job cost sheet includes total charges of $400 for direct materials and $1,000 for direct labor. If overhead is applied on the basis of direct labor costs, what is the company's predetermined overhead rate?

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