1 04 points eBook Print References A company estimates the following manufacturing costs at the beginning of the period: direct labor, $540,000; direct materials, $200.000; and factory overhead, $130,000. Required: 1. Compute its predetermined overhead rate as a percent of direct labor. 2. Compute its predetermined overhead rate as a percent of direct materials. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute its predetermined overhead rate as a percent of direct labor. Overhead Rate Numerator: ' Denominator: / / Overhead Rate Overhead Rate Required 1 Required 2 > Help S A company estimates the following manufacturing costs at the beginning of the period: direct labor, $540,000; direct materials, $200,000; and factory overhead, $130,000. Required: 1. Compute its predetermined overhead rate as a percent of direct labor. 2. Compute its predetermined overhead rate as a percent of direct materials. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute its predetermined overhead rate as a percent of direct materials. Numerator: Overhead Rate Denominator: Overhead Rate Overhead Rate < Required 1 Required 2 > Chec