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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:

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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: 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 pertains to his job: Compute Mr. Wilkes' total job cost. 3. If Speedy establishes selling prices using a markup percentage of 40% of its total job cost, then how much would it have charged Mr. Wilkes? Complete the question by entering your answers in the tabs given below. Compute the predetermined overhead rate. Note: Round your answer to 2 decimal places. Complete the question by entering your answers in the tabs given below. Compute Mr. Wilkes' total job cost. Note: Round your intermediate calculations to 2 decimal places. 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 pertains to his job: Compute Mr. Wilkes' total job cost. 3. If Speedy establishes selling prices using a markup percentage of 40% of its total job cost, then how much would it have charged Mr. Wilkes? Complete the question by entering your answers in the tabs given below. If Speedy establishes selling prices using a markup percentage of 40% of its total job cost, then how much would it have charged Mr. Wilkes? Note: Round your intermediate calculations to 2 decimal places

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