Check my work A company estimates the following manufacturing costs at the beginning of the period: direct labor, $528,000; direct materials, $214,000; and factory overhead, $131,000. Required: 1. Compute its predetermined overhead rate as a percent of direct labor. 2. Compute its predetermined overhead rate as a percent of direct materials. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute its predetermined overhead rate as a percent of direct labor. Overhead Rate Numerator: Denominator: Overhead Rate Overhead Rate SEP "tv 4 ACheck my work A company estimates the following manufacturing costs at the beginning of the period: direct labor, $528,000; direct materials, $214,000; and factory overhead, $131,000. Required: 1. Compute its predetermined overhead rate as a percent of direct labor. 2. Compute its predetermined overhead rate as a percent of direct materials. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute its predetermined overhead rate as a percent of direct materials. Overhead Rate Numerator: Denominator: Overhead Rate = Overhead Rate SEP "tv 4 A