Shire Company's predetermined overhead rate is based on direct labor cost. Management estimates the company will incur $944,000 of overhead costs and $590,000 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: Overhead Rate Denominator: = Overhead Rate = Overhead rate = Use the information on the following job cost sheet to determine the total cost of Job 56. (Round your a dollar amount.) Customer's Name: Keiser Company Job Description: 3 customized systems Direct Materials JOB COST SHEET Job Number: 56 Direct Labor Overhead Date Requisition Time-Ticket Total Cost Cost Cost Number Number Applied March 08 M-129 $ 2,000 T-306 $ 660 $ 1,056 March 11 M-142 6,700 T-432 1,330 2,128 March 18 M-167 3,450 T-456 1,270 2,032