The firms partners desire to make a $640,000 profit for the firm and plan to add a percentage markup on total cost to achieve the figure. On March 10, JLR completed work on a project for Martin Manufacturing. The following costs were incurred: professional staff salaries, $41,000; administrative support staff, $2600; travel, $4500; photocopying, $500; and other operating costs, $1400. Required: Determine JLRs total traceable costs for the upcoming year and the firms total anticipated overhead. Calculate the predetermined overhead rate.