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MNC provides customized engineering services to large manufacturing companies and uses a job-order costing system. The system provided the following information:

	June 30, 2022			July 31, 2022
Inventories:
Jobs in process	$	56,000		$	85,200
Information about July:
Materials purchases					123,100
Payroll					2,392,700
Actual overhead incurred:
Supplies					14,800
Indirect labour					512,600
Other overhead costs					191,500
Selling & administration					1,554,300
Sales				$	4,983,700

MNC purchases materials as needed and consumes them during the accounting period. Therefore, it does not need to maintain a materials inventory account. The payroll amount includes salaries/wages paid to professional (direct) labour as well as indirect labour. Overhead is allocated to jobs using a predetermined overhead allocation rate based on professional labour costs computed at the beginning of the year. For 2022, MNC estimated its professional labour and overhead amounts to be $3.4 million and $1,224,000 respectively. Required: 1. Compute the predetermined overhead allocation rate for the year.

2. Compute the following amounts for the month of July: (Enter your answers in dollars, not millions of dollars.)