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QS $15-8($Algo$)$ Computing predetermined overhead rates LO P$3$

A company estimates the following manufacturing costs at the beginning of the period: direct labor, $$488,000$; direct materials, $$198,000$; and factory overhead, $$117,000.$

Required:

Compute its predetermined overhead rate as a percent of direct labor.

Compute its predetermined overhead rate as a percent of direct materials.

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Compute its predetermined overhead rate as a percent of direct labor.

$\backslash$table$[[$Overhead Rate$],[$Numerator:$,1,$Denominator:,$=,$Overhead Rate$],[,1,,,$Overhead Rate$],[,1,,,]]$

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