CWN Company uses a job order costing system and last period incurred $85,000 of actual overhead and $100,000 of direct labor. CWN estimates that its overhead next period will be $70,000. 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: Multiple Choice 85% 70% 121% 118% 143%