company estimates the following manufacturing costs at the beginning of the period: direct labor, $468,000; direct materials, 390,000 ; and factory overhead, $117,000. equired: Compute its predetermined overhead rate as a percent of direct labor. Compute its predetermined overhead rate as a percent of direct materials. Complete this question by entering your answers in the tabs below. Compute its predetermined overhead rate as a percent of direct labor. A company estimates the following manufacturing costs at the beginning of the period: direct labor, $468,000; direct material: $390,000; and factory overhead, \$117,000. 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. Compute its predetermined overhead rate as a percent of direct materials