A company incurred the following manufacturing costs this period: direct labor, $605,000; direct materials, $672,000; and factory

Question:

A company incurred the following manufacturing costs this period: direct labor, $605,000; direct materials, $672,000; and factory overhead, $129,500. Compute its overhead cost as a percent of
(1) Direct labor and
(2) Direct materials.
Express your answers as percents, rounded to one decimal place.