A company estimates the following manufacturing costs for the next period: direct labor, $524,000; direct materials, $176,000; and factory overhead, $117,000. 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 Choose Numerator: 1 Choose Denominator: Overhead Rate Overhead Rate / 1 Required 1 Required 2 > A company estimates the following manufacturing costs for the next period: direct labor, $524,000; direct materials, $176,000; and factory overhead, $117,000. 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 overhead cost as a percent of direct materials. Overhead Rate Choose Numerator: 1 Choose Denominator: Overhead Rate Overhead Rate 1 1