A company estimates the following manufacturing costs at the beginning of the period: direct labor, $504,000; direct materials, $204,000; and factory overhead, $141,000. 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. Compute its predetermined overhead rate as a percent of direct materials. Overhead Rate Numerator: 1 Denominator: = Overhead Rate = Overhead Rate = 0