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A company incurred the following manufacturing costs this period: direct labor, $480,000; direct materials, $206,000; and factory overhead, $149,000. (1) Compute its overhead rate as

A company incurred the following manufacturing costs this period: direct labor, $480,000; direct materials, $206,000; and factory overhead, $149,000.

(1)

Compute its overhead rate as a percent of direct labor.

(2)

Compute its overhead rate as a percent of direct materials.

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