Costs of subcontracted work 90.000 To completed projects 570,000 Direct staff costs 200.000 Studio overhead 320.000 Drew Architectural Design is a service firm, so the names of the accounts it uses are different from the names used in manufacturing companies. Costs of Subcontracted Work is comparable to Direct Materials, Direct Staff Costs is the same as Direct Labour, Studio Overhead is the same as Manufacturing Overhead, and Completed Projects is the same as Finished Goods. Apart from the difference in terms, the accounting methods used by the company are identical to the methods used y manufacturing companies. Drew Architectural Design uses a job-order costing system and applies studio overhead to Work in Process on the basis of irect staff costs. At the end of January, only one job was still in process. This job (the Kareen Corporation Headquarters roject) had been charged with $13,500 in direct staff costs. Required: 1. Compute the predetermined overhead rate that was in use during January. 2. Complete the following job cost sheet for the partially completed Kareen Corporation Headquarters project