In this project, you need to compute the predetermined overhead for the Material Overhead and for the Factory Overhead. The base for Material Overhead is direct material dollars, the base for Factory Overhead is direct labor dollars. Expense accounts starting with 61XX comprise the Material Overhead Pool and accounts starting with 62XX comprise the Factory Overhead Pool. Accounts starting with 41XX are direct materials, accounts starting with 42xx are direct labor. Step 1 is to compute the predetermined rate for Material Overhead and for Factory Overhead. Answer the following questions