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

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.$

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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Required $1$

Required $2$

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