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 wil incur $605,000 of overhead costs and $550,000 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. Complete this question by entering your answers in the tabs below Required 1Required 2 What is the predetermined overhead rate for 2017? Choose Numerator: Choose Denominator: Overhead Rate Oeread rate Required 1 Required 2> 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. Complete this question by entering your answers in the tabs below Required 1Required 2 Using the information on the following job cost sheet, determine the total cost of the job. (Round your answers to the nearest dollar amount.) JOB COST SHEET: Job No. 13-56 t Ma Costs Applied Date Requisition No. 4-129 4-142 4-167 Amount Time-Ticket No. Amount Mar. 8 Mar. 11 Mar. 18 S 3,000 T-306 7,100 T-432 3,800 T-456 $610 1.320 1,310