Shire Company's predetermined overhead rate is based on direct labor cost. Management estimates the company will incur $840,000 of overhead costs and $560,000 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. bok Complete this question by entering your answers in the tabs below. Int Required 1 Required 2 What is the predetermined overhead rate for this period? Numerator: ences Overhead Rate Denominator: NO " Overhead Rate: Overhead rate Required 2 > Shire Company's predetermined overhead rate is based on direct labor cost. Management estimates the company will incur $840,000 of overhead costs and $560,000 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. 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 Applied Number Number March 08 M-129 $ 3,000 T-306 $ 690 $ 1,035 March 11 M-142 7,350 T-432 1,300 1,950 March 181 M-167 3,350 T-456 1,340 2,010