At the beginning of the year, a company estimates total direct materials costs of $1,000,000 and total overhead costs of $1,310,000. If the company uses direct materials costs as its activity base to apply overhead, what is the predetermined overhead rate it should use during the year? Numerator: Applied overhead cost Predetermined overhead rate 1 Denominator: 1 7 Rate Rate 0 ek my work

QS 15-10 (Algo) Computing predetermined overhead rate LO P3 At the beginning of the year, a company estimates total direct materials costs of $1,000,000 and total overhead costs of $1,310,000 if the company uses direct materials cosis as its activity base to apply overhead, what is the predefermined overheod rate it should use during the year