4 CWN Company uses a job order costing system and last period incurred $88,000 of actual overhead and $100,000 of direct labor. CWN estimates that its overhead next period will be $67,000. It also expects to incur $100,000 of direct labor cost. If CWN bases applied overhead on direct labor cost, its predetermined overhead rate for the next period should be: 8 02:16:00 Multiple Choice 67%. 98% 131%. 111%. 149 A