A company estimates the following manufacturing costs at the beginning of the period: direct labor, $512,000; direct materials, $205,000; and factory overhead, $127,000. 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. Numerator: 1 Overhead Rate Denominator: < Required 1 = Overhead Rate Overhead Rate Required 2 > Required 1 Required 2 Compute its predetermined overhead rate as a percent of direct materials. Overhead Rate Numerator: 1 1 Denominator: Overhead Rate = Overhead Rate = < Required 1 Required 2 >