es QS 15-8 (Algo) Computing predetermined overhead rates LO P3 A company estimates the following manufacturing costs at the beginning of the period: direct labor, $532,000; direct materials, $190,000; and factory overhead, $127,000. Required: 1. Compute its predetermined overhead rate as a percent of direct labor. 2. Compute its predetermined overhead rate as a percent of direct materials. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute its predetermined overhead rate as a percent of direct labor. Numerator: Overhead Rate Denominator: Complete this question by entering your answers in the tabs below. Required 1 Required Compute its predetermined overhead rate as a percent of direct materials. Numerator: Overhead Rate Denominator: = Overhead Rate = Overhead Rate < Required 1 11 Required 2 > QS 15-9 (Algo) Applying overhead LO P3 At the beginning of the year, a company estimates total overhead costs of $938,100. The company applies overhead using machine hours and estimates it will use 1,590 machine hours during the year. What amount of overhead should be applied to Job 65A if that job uses 32 machine hours that year? Overhead applied to Job 65A QS 15-10 (Algo) Computing predetermined overhead rate LO P3 At the beginning of the year, a company estimates total direct materials costs of $980,000 and total overhead costs of $1,320,000. If the company uses direct materials costs as its activity base to apply overhead, what is the predetermined overhead rate it should use during the year? Numerator Predetermined overhead rate Denominator: 1 Rate Rate