QS 15-8 Predetermined overhead rate LO P3 At the beginning of a year, a company predicts total direct materials costs of $1,070,000 and total overhead costs of $1,260,000. If the company uses direct materials costs as its activity base to allocate overhead, what is the predetermined overhead rate it should use during the year? ped Predetermined overhead rate Choose Denominator Rate Choose Numerator Rate ok nt tnt ences