Tech Solutions is a consulting firm that uses a job-order costing system its direct materials consint of hardware ond software that is purchases and installs on behalf of is clients. The firm's direct labor includes saiaries of consultants that work ot the client's job site. and its overhead consists of costs such as deprecietion, utilities, and insurance related to the office headquarters as well as the office supplies that are consumed serving clients Tech Solutions computes ins predetermined overhead rate annually an the basis of direct labor hours At the beginning of the year, A estimated that 62.500 direct labor hours would be required for the period's estimated level of clent service. The company also estimoted $437,500 of fixed overheod cost for the coming period and variable crverhead of $0.50 per direct labor hout. The firm's actual ovethead cost for the year was $458,000 and is octual total direct labor was 67,150 hours Required: 1. Compute the predetermined overheod rate. 2. During the year, Tech Solutions sterted and completed the Xaver Compony engogement The following information wns avalable with respect to this job Compute the total job cost for the Xovier Compnny engegement Complete this question by entring vour antwen in the tabs below. Compute the predetermined overtiead rate. Note: slound your answer to 2 decimat places