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new Mac Appr Seved Chapter 19 Problems 2 At the beginning of the year, a company estimates the following manufacturing costs for the next period: direct labor, $468,000; direct materials, $390,000; and factory overhead, $117,000. 11.11 Required: 1. Compute its predetermined overhead rate as a percent of direct labor. 2. Compute Its overhead cost as a percent of direct materials. points eBook Complete this question by entering your answers in the tabs below. Print Req 1 Reg 2 References Compute its predetermined overhead rate as a percent of direct labor Overhead Rate Choose Numerator IChoose Denominator Overhead Rate Overhead Rate Reg 2> Req 1 Req 2 Compute its overhead cost as a percent of direct materials. Overhead Rato Choose Numerator: Choose Denominator Overhead Rate Overhead Rate