Shire Company's predetermined overhead rate is based on direct labor cost. Management estimates the company will incur $810,000 of overhead costs and $540,000 of direct labor cost for the period. During March, Shire began and completed Job 56. 1. What is the predetermined overhead rate for this period? 2. Use the information on the following job cost sheet to determine the total cost of Job 56. Complete this question by entering your answers in the tabs below. Required 1 Required 2 What is the predetermined overhead rate for this period? Numerator: Estimated overhead cost $ Overhead Rate Denominator: Overhead Rate Estimated direct labor Overhead rate 810,000 / $ 540,000 150% Required 1 Required 2 > Shire Company's predetermined overhead rate is based on direct labor cost. Management estimates the company will incur $810,000 Of overhead costs and $540,000 of direct labor cost for the period. During March, Shire began and completed Job 56. 1. What is the predetermined overhead rate for this period? 2. Use the information on the following job cost sheet to determine the total cost of Job 56. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Use the information on the following job cost sheet to determine the total cost of Job 56. Note: Round your answers to the nearest dollar amount. JOB COST SHEET Customer's Name: Keiser Company Job Description: 3 customized systems Date Direct Materials Requisition Job Number: 56 Direct Labor Overhead Time-Ticket Total Cost Cost Cost Applied Number Number March 08 M-129 $ 3,000 T-306 $ 620 $ 930 March 11 M-142 6,650 T-432 1,330 1,995 March 18 M-167 3,500 T-456 1,300 1,950