Exercise 15-11 Overhead rate; costs assigned to jobs LO P3 Shire Computer's management establishes the 2017 predetermined overhead rate based on direct labor cost. The costs and $510,000 of direct In December 2016, information used in setting this rate includes estimates that the company will incur $612,000 of overhead labor cost in year 2017 During March 2017, Shire began and completed Job 13-56 1. What is the predetermined overhead rate for 2017? 2. Using the information on the following job cost sheet, determine the total cost of the job. Complete this question by entering your answers in the tabs below. Required 1 Required 2 What is the predetermined overhead rate for 2017? l Choose Rate Overhead rate