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om Home - Canva Citizenship and Im... Combined Person... NDL apter 2 Graded Homework Saved Help s 8 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: ants Direct labor-hours required to support estimated output Fixed overhead cost Variable overhead cost per direct labor-hour 10,000 $90,000 $ 1.00 PE sleferences Required: 1. Compute the predetermined overhead rate. 2. During the year, Mt. 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 Direct labor cont Direct laber-hours weed 5600 SLBO 2 Compute Mr. Wilkes total job cost. 3.1 Speedy establishes its selling prices using a markup percentage of 30% 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 3 ME ME G 1911 Praw Graded Homework Saved Help Required: 1. Compute the predetermined overhead rate. 2. During the year. Me 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 Direct labor cost Direct labor-hours uned $600 $180 2 Compute Mr. 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 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 30% 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. Wilkes

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