In December 2016, Shire Computers 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 $741,000 of overhead costs and $570,000 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.

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Required 2

What is the predetermined overhead rate for 2017?

Overhead Rate
Choose Numerator:	/	Choose Denominator:	=	Overhead Rate
	/		=	Overhead rate
	/		=

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
	Direct Materials		Direct Labor		Overhead	Total Cost
Date	Requisition No.	Amount	Time-Ticket No.	Amount	Costs Applied
Mar. 8	4-129	$3,000	T-306	$620
Mar. 11	4-142	6,850	T-432	1,320
Mar. 18	4-167	3,900	T-456	1,280
						$