Question: Computing predetermined overhead rates P 3 A company estimates the following manufacturing costs at the beginning of the period: direct labor, $ 4 6 8

Computing predetermined overhead rates P3
A company estimates
the following
manufacturing costs at the beginning of the period: direct labor, $468,000; direct materials, $390,000; and factory overhead, $117,000.
Compute its predetermined overhead rate as a percent of (1) direct labor and (2) direct materials. Express answers as percents.

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