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

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Speedy Auto Repairs uses a job-order costing system. The company's direct materials consist of replacement parts installed in 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: nequirea: 1 Compute the predetermined overhead rate. 2. During the year, Mr. Wikes brought in his vehicle to replace his brakes, spork plugs, and tires. The following information was avallable with respect to his job: Compute Mt. Wilkes' total job cost. 3. if Speedy establishes its selling prices using a markup percentage of 30% of its total job cost, then how much would it have charged Me. Wilkes? Complete the guestion by entering your answers in the tabs given below. Compute the predetermined overhesd rate. (Round your answer to 2 decimal places.)

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