In December 2014, Shire Computer's management establishes the 2015 predetermined overhead rate based on direct labor cost. The information used in setting this rate includes estimates that the company will incur $747,500 of overhead costs and $575,000 of direct labor cost in year 2015. During March 2015, Shire began and completed Job No. 13-56.
1. What is the predetermined overhead rate for 2015?
2. Use the information on the following job cost sheet to determine the total cost of the job.

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JOB COST SHEET Customer's Name Keiser Co. Job No. 13-56 Job Description 5 plasma monitors-6l inch Overhead Direct Materials Direct Labor Costs Applied Date Mar. 8 Mar. II Mar 18 Totals Requisition No Amount Time-Ticket No. Amount Rate Amount T-306 T-432 T-456 4-129 4-142 4-167 $5,000 7,020 3,330 $ 700 ,250 1,250