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Speedy Auto Repairs uses a job-order costing system. The company's direct materials consist of replacement parts customer vehicles, and its direct labor consists of the

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Speedy Auto Repairs uses a job-order costing system. The company's direct materials consist of replacement parts 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 waiting room. in for the 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: Fixed overhead cost Variable overhead cor per direct labor-hour 40,000 s 640,000 1.00 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 s 707 230 Compute Mr. Wilkes' total job cost. 3 if Speedy establishes its selling prices using a markup percentage of 50% of its total ob cost, then how much would It have charged Mr. Wilkes? Complete the question by entering your answers in the tabs given below

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