Exercise 15-4 Overhead rate; costs assigned to jobs LO P3 In December 2014, Shire Computer's management establishes the 2015 predetermined overhead rate based on direct labor cost. The information used in setting this rate includes estimates that the company will ncur $775,500 of overhead costs and $550,000 of direct labor cost in year 2015. During March 2015, Shire began and completed Job No. 13-56. 1. What is the predetermined overhead rate for year 2015 Overhead Rate Choose Numerator: Choose Denominator: Overhead Rate -Overhead rate