A company estimates the following manufacturing costs for the next period: direct labor, $528,000; direct materials, $196,000; and factory overhead, $126,000. Required: 1. Compute its predetermined overhead rate as a percent of direct labor. 2. Compute its overhead cost 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 1 Choose Denominator: Choose Numerator: Overhead Rate Overhead Rate / = / Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute its overhead cost as a percent of direct materials. Choose Numerator: Overhead Rate 1 Choose Denominator: 1 Overhead Rate Overhead Rate 11 11