Shire Companys predetermined overhead rate is based on direct labor cost. Management estimates the company will incur $660,000 of overhead costs and $550,000 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

Required 1 Required 2 What is the predetermined overhead rate for this period? Overhead Rate Numerator: Denominator: = Estimated overhead cost 1 Estimated direct labor 1 Required 1 || = = Overhead Rate Overhead rate Required 2 0 Required 1 Required 2 Use the information on the following job cost sheet to determine the total cost of Job 56. (Round your a dollar amount.) JOB COST SHEET Customer's Name: Keiser Company Job Number: 56 Job Description: 3 customized systems Direct Materials Overhead Date Requisition Number Time-Ticket Number Applied March 08 March 11 March 18 M-129 M-142 M-167 Cost $ 4,000 T-306 7,300 T-432 3,300 T-456 Direct Labor Required 1 $ Cost 690 $ 1,290 1,330 Required 2 828 1,548 1,596 Total Cost