Please give me the correct answers 3. In December 2014, Shire Computer\'s manage
ID: 2415279 • Letter: P
Question
Please give me the correct answers
3. 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 $750,000 of overhead costs and $500,000 of direct labor cost in year 2015. During March 2015, Shire began and completed Job No. 13-56 1 1. What is the predetermined overhead rate for year 2015? erhead Rate Choose Denominator Estimated labor cost Choose Numerator: Overhead Rate Estimated overhead cost Overhead rate 750,000$ 00,000 500,000- 150%Explanation / Answer
Job Cost sheet: Job 13-56
Direct Matrerial
Direct Labor
Over head
Total Cost
Date
Requisition No.
Amount
Time ticke No
Amount
Costs Applied
Amount
8-Mar
4-129
5,000
T-306
610
915.00
6,525
11-Mar
4-142
7,200
T-432
1,290
1,935.00
10,425
18-Mar
4-167
3,950
T-456
1,280
1,920.00
7,150
16,150
3,180
4,770
24,100
150% of direct labor applied to overhead
Job Cost sheet: Job 13-56
Direct Matrerial
Direct Labor
Over head
Total Cost
Date
Requisition No.
Amount
Time ticke No
Amount
Costs Applied
Amount
8-Mar
4-129
5,000
T-306
610
915.00
6,525
11-Mar
4-142
7,200
T-432
1,290
1,935.00
10,425
18-Mar
4-167
3,950
T-456
1,280
1,920.00
7,150
16,150
3,180
4,770
24,100