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At the beginning of the year, a company estimates the following manufacturing costs for the next period: Direct labor $528,000 Direct materials $180,000 Factory overhead

At the beginning of the year, a company estimates the following manufacturing costs for the next period:

Direct labor$528,000
Direct materials$180,000
Factory overhead$125,000

Required:

1. Compute its predetermined overhead rate as a percent of direct labor.

2. Compute its overhead cost as a percent of direct materials.

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