At the beginning of the year, a company estimates the following manufacturing costs for the next period: direct labor, $544,000; direct materials, $205,000; and factory overhead, $149,000. 2 Required: 1 Compute its predetermined overhead rate as a percent of direct labor 2. Compute its overhead cost as a percent of direct materials 05 points Complete this question by entering your answers in the tabs below. Skipped Req 1 Req 2 eBook Pint Compute its predetermined overhead rate as a percent of direct labor References Overhead Rate Choose Denominator: Choose Numerator Overhead Rate Overhead Rale Reg 2 2 At the beginning of the year, a company estimates the following manufacturing costs for the next period: direct labor, $544,000; direct materials, $205,000; and factory overhead, $149,000 Required: 1. Compute its predetermined overhead rate as a percent of direct labor 2. Compute its overhead cost as a percent of direct materials. 05 points Complete this question by entering your answers in the tabs below. Skipped Req 1 ebook Req 2 Print Compute its overhead cost as a percent of direct materials. References Overhead Rate Choose Numerator Choose Denominator Overhead Rate Overhead Rate