At the beginning of a year, a company predicts total direct materials costs of $930,000 and total overhead costs of $1,210,000. If the company uses direct materials costs as its activity base to allocate overhead, what is the predetermined overhead rate it should use during the year?

1 At the beginning of a year, a company predicts total direct materials costs of $930,000 and total overhead costs of $1,210,000. If the company uses direct materials costs as its activity base to allocate overhead, what is the predetermined overhead rate it should use during the year? Predetermined overhead rate Choose Numerator: Choose Denominator: Rate Rate