A company estimates the following manufacturing costs at the beginning of the period: direct labor. $548,000; direct materials, $225,000; and factory overhead, $147,000. 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 TA Denominator Overhead Rate Overhead Rate Required 2 > A company estimates the following manufacturing costs at the beginning of the period: direct labor, $548,000: direct materials, $225,000: and factory overhead, $147,000. 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. Overhead Rate Numerators Denominator: Overhead Rate 7 Overhead Rate 1