Lorenzo Company applies overhead to jobs on the basis of direct materials cost. At year-end, the Work in Process Inventory account shows the following.

Work in Process Inventory
Date			Explanation	Debit		Credit		Balance
Dec.	31		Direct materials cost	1,900,000				1,900,000
	31		Direct labor cost	270,000				2,170,000
	31		Overhead applied	722,000				2,892,000
	31		To finished goods			2,805,000		87,000

1. Determine the predetermined overhead rate used (based on direct materials cost). 2. Only one job remained in work in process inventory at December 31. Its direct materials cost is $29,000. How much direct labor cost and overhead cost are assigned to this job?