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A company estimates the following manufacturing costs at the beginning of the period: direct labor, $ 4 8 0 , 0 0 0 , direct

A company estimates the following manufacturing costs at the beginning of the period: direct labor, $480,000, direct materials, $201,000; and factory overhead, $120,000.
Required:
Compute its predetermined overhead rate as a percent of direct labor.
Compute its predetermined overhead rate as a percent of direct materials.
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Compute its predetermined overhead rate as a percent of direct labor.
\table[[,Overhead Rate,,,],[Numerator:,1,Denominator:,=,Overhead Rate],[,1,,=,Overhead Rate],[,1,,=,]]
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