Question: Please provide the solution to this general accounting question using proper accounting principles. Mountain Valley Company uses a job-order costing system and last quarter had

Please provide the solution to this general accounting question using proper accounting principles.

Mountain Valley Company uses a job-order costing system and last quarter had $135,000 of actual overhead and $150.000 of direct labor. Mountain Valley estimates that its overhead next quarter will be $144,000 and expects to incur $120,000 of direct labor. If Mountain Walley bases applied overhead on direct labor cost, what should be the predetermined overhead rate for the next quarter? a) 90% b) 100% c) 110% d) 120%

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