In December 2016, Shire Computer's management establishes the 2017 predetermined overhead rate based on direct labor cost. The information used in setting this rate includes estimates that the company will incur $702,000 of overhead costs and $540,000 of direct labor cost in year 2017. During March 2017, Shire began and completed Job 13-56.

1.What is the predetermined overhead rate for 2017?

2.Using the information on the following job cost sheet, determine the total cost of the job.