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Compute its predetermined overhead rate as a percent of direct materials. A company estimates the following manufacturing costs at the beginning of the period: direct labot, $508,000, direct materiats, $189000, and lactory overhead, $120000. Required: 1. Compute its predetermined overhead rate as a percent of direct labor 2. Compute its predetermined overheod rate as a percent of direct moteriaks Complete this question by entering your answers in the tabs below. Compute its predetermined overhead rate as a parcent of direct labos