A company incurred the following manufacturing costs this period: direct labor, $468,000; direct materials, $390,000; and factory

Question:

A company incurred the following manufacturing costs this period: direct labor, $468,000; direct materials, $390,000; and factory overhead, $117,000. Compute its overhead cost as a percent of
(1) Direct labor and
(2) Direct materials. Express your answers as percents, rounded to the nearest whole number.