Ideal Computing uses a job order costing systen and computes its predetermined overhead rate annually on the basis of direct labor- hours. At the beginning of the year, it estimated that 65.000 direct labor-hours would be required for the period's estimated level of client service. The company also estimated $487,500 of fixed overhead cost for the coming period and variable overhead of $0.50 per direct labor-hour. The firm's actual overhead cost for the year was $505,700 and its actual total direct labor was 70,900 hours. Required: 1. Compute the predetermined overhead rate. 2. During the year, Ideal Computing started and completed the Delph Company engagement. The following information was available with respect to this job: Direct materials Direct labor cost $49,200 $24,900 Direct labor hours worked 260 Compute the total job cost for the Delph Company engagement. Complete this question by entering your answers in the tabs below. Requires 1 Required 2 Compute the predetermined overhead rate. (Round your answer to 2 decimal places.) Predetermined overhead rate per DLH Required 2