Homework Sved Help Save & Exit Check my Exercise 02-11 Overhead rate; costs assigned to jobs LO P3 Shire Computer's predetermined overhead rate is based on direct labor cost. Management estimates the company will incur $7475500 of overhead costs and $575,000 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 Denominator Choose Numerator: / Overhead Rate Overhead rate 6 of 7 Prev Next> lete 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. JOB COST SHEET Customer's Name: Keiser Co. Job No. 13-56 Job Description: 5 plasma monitors-61 inch Direct Materials Direct Labor Overhead Total Cost Costs Requisition No. Date Amount Time-Ticket No. Amount Applied Mar. 8 4-129 5,000 T-306 700 Mar. 11 4-142 7,020 T-432 1,250 Mar. 18 4-167 3,330 T-456 1,250 Required 1