Question: Shire Computer's predetermined overhead rate is based on direct labor cost. Management estimates the company will incur $747,500 of overhead costs $575,000 of direct

Shire Computer's predetermined overhead rate is based on direct labor cost. Management estimates the company will incur $747,500 of overhead costs $575,000 of direct

Shire Computer's predetermined overhead rate is based on direct labor cost. Management estimates the company will incur $747,500 of overhead costs $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. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 What is the predetermined overhead rate for the year? Choose Numerator: Estimated overhead cost $ Overhead Rate Choose Denominator: Overhead Rate Estimated labor cost Overhead rate 747,500 7 $ 575,000 130% Required 2 > < Prev 11 of 16 Next > Air

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