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4 60 points Problem 2-18 (Algo) Job-Order Costing for a Service Company (L02-1, LO2-2, LO2-3) 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 opples all of its overhead costs to jobs based on direct lobor hours. At the beginning of the year, it made the following estimates ce Direet labor-houre required to upport estimated output Pixed overhead cost Variable overhand cost per direct labor-hour 42,000 $693,000 $ 1.00 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: Diret materials Direct labor cont Direct labor-houre used 5660 $175 10 Compute Mr. Wilkes total job cost 3.1 Speedy establishes its selling prices using a markup percentage of 60% of its totot job cost, then how much would have charged Mr. Wilkes? Direct materials Direct labor cont Direct labor-hoursused 5660 $175 10 Compute Mt. Wilkes total job cost. 3. If Speedy establishes its selling prices using a markup percentage of 60% 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. Required 1 Required 2 Required Compute predetermined overhead rate. (Round your answer to 2 decimal places.) Predetermined overhead rate Required 2 > per DLH

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