PLEASE DO REQUIREMENT $1$ AND $2$ A company estimates the following manufacturing costs at the beginning of the period: direct labor, $$488,000$; direct materials,

$$204,000$; and factory overhead, $$137,000.$

Required:

Compute its predetermined overhead rate as a percent of direct labor.

Compute its predetermined overhead rate as a percent of direct materials.

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Compute its predetermined overhead rate as a percent of direct labor.