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 incur $747,500 of overhead costs and $575,000 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 1 Choose Denominator: Choose Numerator: II Overhead Rate Overhead rate / 11 1 II 2. Compute the job cost sheet. JOB COST SHEET: Job 13-56 Direct Materials Direct Labor Requisition No. Amount Time-Ticket No. Amount Total Cost Overhead Costs Applied Date Mar. 8 4-129 $ $ 700 Mar. 11 4-142 5,000T-306 7,020 7-432 3,330 T-456 1,250 1,250 Mar. 18 4-167