A company estimates the following manufacturing costs at the beginning of the period direct labor, $484,000; direct materials, $200,000, and factory overhead, $135,000. 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 2 > 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 Denominator: Numerator: 1 / Overhead Rate Overhead Rate 1