In December 2014, Shire Computers 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 $830,500 of overhead costs and $550,000 of direct labor cost in year 2015. During March 2015, Shire began and completed Job No. 13-56.

What is the predetermined overhead rate for year 2015? Compute the job cost sheet. (Round your answer to the nearest dollar amount.)