Question: Which of the following is not one of the four steps to obtain the predetermined overhead rate? Multiple Choice Divide the estimated factory overhead costs by the estimated amount of the chosen cost driver(s). Estimate the total amount of the chosen cost driver(s) for the upcoming operating period. Select the most appropriate cost driver(s) for applying the factory overhead costs. Estimate the total amount of direct materials and labor needed for the upcoming operating period. Estimate total factory overhead costs for the planned production for the upcoming operating period, usually a year.