Shire Computer's predetermined overhead rate is based on direct labor cost. Management estimates the company will incur $798,000 of overhead costs and $570,000 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 What is the predetermined overhead rate for the year? Overhead Rate 1 Choose Denominator: Choose Numerator: Overhead Rate Overhead rato Required 2 > Accounts receivable Average raw materials Inventory Cost of goods sold Estimated labor cost Estimated overhead cost Shire Computer's predetermined overhead rate is based on direct labor cost. Management estimates the company will incur $798,000 of overhead costs and $570,000 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 What is the predetermined overhead rate for the year? Overhead Rate Choose Numerator: 1 Choose Denominator: 1 Overhead Rate Overhead rate Reguirad Required 2 > Cost of goods sold Estimated labor cost Estimated overhead cost Net sales Raw materials used Shire Computer's predetermined overhead rate is based on direct labor cost. Management estimates the company will incur $798,000 of overhead costs and $570,000 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 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 Customer's Name: Kelser Co. Job Description: 5 plasma monitors ---61 Inch Direct Materials Direct Labor Job No: 13-56 Total Cost Date Overhead Cost Applied Requisition No. Amount Time-Ticket No. Amount $ $ Mar. Mar 11 Mar. 18 4.129 4.142 4.167 4.000 T 306 7,100 7-432 3.750 T-456 680 1,290 1.260