ezto.mheducation.com 2 Homework i Saved The company applies all of its overhead costs to jobs based on direct labor-hours. At the beginning of the year, it made the follow estimates: Direct labor-hours required to support estimated output 28,000 Fixed overhead cost $364, 000 Variable overhead cost per direct labor-hour $ 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 $777 Direct labor cost $215 Direct labor-hours used Compute Mr. Wilkes' total job cost. rences 3. If Speedy establishes its selling prices using a markup percentage of 30% of its total job cost, then how much would it have charge 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 Required 2 >