26. Clyde Company gathered the following information for the year ended December 31: Finished goods inventory, Dec. 31 $67,500 Cost of goods sold $141,000 Estimated direct labor hours 300,000 What would the predetermined manufacturing overhead rate for the year be using direct labor cost as the allocation base? A. 90% of direct labor cost B. 111% of direct labor cost C. 120% of direct labor cost D. 80% of direct labor cost