A company set its predetermined overhead rate at the beginning of the year using the following estimates: overhead costs, $$2,185,380,$ and direct labor costs, $$426,000.$ Actual costs for the year are $$2,199,400$ for overhead and $$426,000$ for direct labor.

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Required $3$

Determine the predetermined overhead rate using estimated direct labor costs.

$\backslash$table$[[$Overhead Rate,,$],[$Numerator:$,1,$Denominator:,$=,$Overhead Rate$],[,1,,=,$Overhead rate$],[,1,,=,]]$