\fSpeedy Auto Repairs uses ajoborder costing system. The company's direct materials consist of replacement parts installed in customer vehicles, and its direct labor consists ofthe mechanics' hourly wages. Speedy's overhead costs include various items, such as the shop manager's salary, depreciation of equipment. utilities, insurance, and magazine subscriptions and refreshments for the waiting room. The company applies all of its overhead costs tojobs based on direct laborhours. At the beginning of the year, it made the following estimates: Direct laborhours required to support estimated output 18,888 Fixed overhead cost $ 198,888 Variable overhead cost per direct labor-hour $ 1.88 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 hisjob: Direct materials $ 719 Direct labor cost $ 1?? Direct laborhours used T Compute Mr. Wilkes' total job cost 3. If Speedy establishes its selling prices using a markup percentage of 30% of its totaljob 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.) Required 1 Required 2 Required 3 Compute Mr. Wilkes' total job cost. (Round your intermediate calculations to 2 decimal places.) Direct materials Direct labor Overhead applied Total cost assigned to Mr. Wilkes