Exercise 19-17 (Static) Overhead rate; costs assigned to jobs LO P3 Shire Company's predetermined overhead rate is based on direct labor cost, Management estimates the company will incur $747,500 of overhead costs and $575,000 of direct labor cost for the period. During March, Shire began and completed Job 56, 1. What is the predetermined overhead rate for this period? 2. Use the information on the following job cost sheet to determine the total cost of Job 56. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Use the information on the following job cost sheet to determine the total cost of Job 56. (Round your answers to the nearest dollar amount.) Job Number 56 Overhead JOB COST SHEET Customer's Name: Kelser Company Job Description: 3 customized systems Direct Materials Direct Labor Date Requisition Number Time-Ticket Cost Number Cost March 08 M-129 S 5,000 T-306 $ 700 March 11 M-142 7.000 T-432 1.250 March 18 M-167 3,640 T-456 1.250 Total Cost Applied $ 910 1,625 1,625