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This is the 2nd time Im asking this question, please answer the whole thing Speedy Auto Repairs uses a job-order costing system. The company's direct
This is the 2nd time Im asking this question, please answer the whole thing
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 varlous items, such as the shop manager's salary, depreciation of equipment, utilities, Insurance and magazine subscriptions and refreshments for the walting 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: $ 1.ee Direct labor-hour's required to support estimated output 30.000 Fixed overhead cost $ 405,000 Variable overhead cost per direct labor-hour 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 $ 619 Direct labor cost $ 113 Direct labor-hour's used Compute Mr. Wilkes total job cost. 3. If Speedy establishes its selling prices using a markup percentage of 40% of its total job cost, then how much would it have charged Mr. Wilkes? 4 Complete the question by entering your answers in the tabs given below. Required 1 Required 2 Required 3 Compute the predetermined overhead rate. (Round your answer to 2 decimal places.) Predetermined overhead rate per DLH Required Required 2 > 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 Complete the question by entering your answers in the tabs given below. Required 1 Required 2 Required 3 If Speedy establishes its selling prices using a markup percentage of 40% of its total job cost, then how much would it have charged Mr. Wilkes? (Round your intermediate calculations to 2 decimal places.) Amount charged to Mr. WilkesStep by Step Solution
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