Speedy Auto Repairs uses a job-order costing system. The companys direct materlals consist of replacement parts installed in customer venicles, and its direct labor consists of the mechanics' houry wages. Speedy's oveinead costs include various items, such as the shop manager's salary, depreciation of equipment, utilibes, insurance, and magazine subscriptions and refieshments for the waltug room. The company applies all of its overnead costs to jobs based on drect labor hours. At the beginning of the year it made the foliowng estimates: requirea: 1 Compute the predetermined overhead rate. 2 During the year, Mt. Wikes brought in his venicle to replace his beakes, spark plugs, and tires The following informabon was avalable whith respect to his job: Compute Mr Wilkes' total job cost 3. If Speedy estabishes its seling perces using a markup percentage of 60% of its total job colt, then how much would it have charged Mi Wikes? Complete the question by entering vour answers in the tabs given below. Compute the predetermined overhead rate. (Round your answer to 2 decimal places.)