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. 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: I Denominator: Overhead Rate Estimated overhead cost 1 Estimated direct labor == Overhead Rate 1 = 0