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Bull Run Company uses a job order costing system and last period incurred $81,000 of actual overhead and $100,000 of direct labor. Bull Run estimates

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Bull Run Company uses a job order costing system and last period incurred $81,000 of actual overhead and $100,000 of direct labor. Bull Run estimates that its overhead next period will be $74,000. It also expects to incur $100,000 of direct labor. If Bull Run bases applied overhead on direct labor cost, its predetermined overhead rate for the next period should be O 123% 109% 81% O 74% O 135%

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