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: Required 2 What is the predetermined overhead rate forthis period? Overhead Rate Denominator Numerator: Overhead Rate 1 Overhead rate 1 Required Required 2 > CH 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 Shine begon 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 ped Complete this question by entering your answers in the tabe below. Required Required 2 Once Une the information on the following job cost sheet to determine the total cost of Job $. clound your anwent to the nearest dollar amount.) JOB COST SHEET Customer's Name: Keiser Company Job Number Job Description 3 customized systems Direct Materials Direct Lator Overhead Date Total Con Requisition Number Cost Time-Ticket Cost Applied Number March 08M129 $ 5.000 T 306 5 700 5 910 March 11 1.142 7.000 T 4X2 1.250 1625 March 1M 167 3,640 1.456 1250 1625