QS 15-6 Factory overhead rates LO P3 At the beginning of the year, a company estimates the following manufacturing costs for the next period direct labor. $516,000, di materials, $216,000, and factory overhead, $119,000. 1. Compute its predetermined overhead rate as a percent of direct labor. 2. Compute its overhead cost as a percent of direct materials. Complete this question by entering your answers in the tabs below. Req 2 oose Nu I Choose Denominator: Overhead Rate Prev 1 of 14llNext> search