Shire Computers 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 year. During March, Shire began and completed Job 13-56.

1. What is the predetermined overhead rate for the year? 2. Use the information on the following job cost sheet to determine the total cost of the job.

What is the predetermined overhead rate for the year?

Using the information on the following job cost sheet, determine the total cost of the job. (Round your answers to the nearest dollar amount.)

	JOB COST SHEET
Customers Name: Keiser Co.					Job No: 13-56
Job Description: 5 plasma monitors61 inch
	Direct Materials		Direct Labor		Overhead	Total Cost
Date	Requisition No.	Amount	Time-Ticket No.	Amount	Costs Applied
Mar. 8	4-129	$4,000	T-306	$690
Mar. 11	4-142	6,550	T-432	1,280
Mar. 18	4-167	3,200	T-456	1,290

Overhead Rate
Choose Numerator:	/	Choose Denominator:	=	Overhead Rate
	/		=	Overhead rate
	/		=	0