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all charts and rounding asks. Speedy Auto Repairs uses a job-order costing system. The company's direct materials consist of replacement parts installed in customer vehicles,

all charts and rounding asks.

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Speedy Auto Repairs uses a job-order costing system. The company's direct materials consist of replacement parts installed in customer vehicles, and its direct labor consists of the mechanics' hourly wages. Speedy's overhead costs include various items, such waiting room. as the shop manager's salary, depreciation of equipment, utilities, insurance, and magazine subscriptions and refreshments for the estimates: The company applies all of its overhead costs to jobs based on direct labor-hours. At the beginning of the year, it made the following Direct labor-hours required to support estimated output Fixed overhead cost 24 , 900 Variable overhead cost per direct labor-hour $ 288 , 090 $ 1.00 Required: 1. Compute the predetermined overhead rate. 2. During the year, Mr. Wilkes brought in his vehicle to replace his brakes, spark plugs, and tires. The following information was available with respect to his job: Direct materials $ 615 Direct labor cost $ 208 Direct labor-hours used Compute Mr. Wilkes' total job cost. 3. If Speedy establishes its selling prices using a markup percentage of 50% of its total job cost, then how much would it have charged Mr. Wilkes? Complete the question by entering your answers in the tabs given below. Required 1 Required 2 Required 3 Compute the predetermined overhead rate. (Round your answer to 2 decimal places.) Predetermined overhead rate per DLH O X - O X 2023-03-23 (6).png 107% 2023-03-23... ... 2 64% Required 1 Required 2 Required 3 Complete the question by entering your answers in the tabs given below. Compute Mr. Wilkes' total job cost. (Round your intermediate calculations to 2 decimal places.) Required 1 Required 2 Required 3 Direct materials If Speedy establishes its selling prices using a markup percentage of 50% of its total job cost, then how much would it have Direct labor charged Mr. Wilkes? (Round your Intermediate calculations to 2 decimal places.) Overhead applied Amount charged to Mr. Wilkes Total cost assigned to Mr. Wilkes

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