A company estimates the following manufacturing costs for the next period: direct labor, $536,000; direct materials, $182,000; and factory overhead, $144,000. 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. Choose Numerator: Estimated factory overhead Overhead Rate 1 Choose Denominator: 1 Estimated direct materials Overhead Rate = Overhead Rate 1 0