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Lord Probe Saved Help 6 3 points Speedy Auto Repairs uses a job-order costing system. The company's direct materials consist of replacement parts installed customer

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Lord Probe Saved Help 6 3 points Speedy Auto Repairs uses a job-order costing system. The company's direct materials consist of replacement parts installed customer vehicles, and its direct labor consists of the 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 to jobs based on direct labor-hours. At the beginning of the year, it made the following estimates: 04345 Direct labor-hour's required to support estimated output Fixed overhead cost Variable overhead cost per direct labor-hour eBook 34,000 $493,000 $ 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 Direct labor cost Direct labor-hours used $749 $238 6 Compute Mt. Wilkes' totaljob cost. 3. Speedy establishes its selling prices using a markup percentage of 60% of its total job cast, then how much would I have charged Mr. Wilkes? Complete the question by entering your answers in the tabs given below. Required 1 Required 2 Required 3 QUIZ-CH 02 Exercises & Problems Saved Help 6 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: 3 points Direct materials Direct labor cost Direct labor-hours used $749 $238 6 8 04:22:48 Compute Mr. Wilkes' total job cost 3. If Speedy establishes its selling prices using a markup percentage of 60% of its total job cost, then how much would it have charged Mr. Wilkes? eBook Complete the question by entering your answers in the tabs given below. 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 Required

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