At the beginning of the year, a company estimates the following manufacturing costs for the next period: direct labor, $468,000; direct materials, $390,000; 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. Req 2 Req 1 Compute its predetermined overhead rate as a percent of direct labor Overhead Rate Choose Numerator: Choose Denominator: Overhead Rate = Overhead Rate Req 1 Req 2 Req 1 Req 2 Compute its overhead cost as a percent of direct materials. Overhead Rate Choose Numerator: Choose Denominator: Overhead Rate Overhead Rate Req 1 Req 2 1 | At the beginning of a year, a company predicts total direct materials costs of $900,000 and total overhead costs of $1,170,000. 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