A company applies overhead using a predetermined overhead rate based on direct labor cost. At the beginning of the year, management estimates the company will incur $857,745 of overhead costs and $583,500 of direct labor cost. Job 7 was completed during March. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the predetermined Numerator: overhead rate for this year. Overhead Rate 1 Denominator: W Overhead Rate Overhead rate Required 1 Required 2 Complete the job cost sheet to determine the total cost of Job 7. Date: May 04 May 07 May 13 Direct Materials Requisition Number Cost M-112 M-133 M-151 S JOB COST SHEET Direct Labor Time-Ticket Number 6,700 T-221 7,900 T-255. 4,400 T-299 < Required 1 $ Cost 1,300 1,600 2,000 Overhead Applied Required 2 > Total Cost