Question: A. Predetermined overhead rate: ____ per DLH B. Direct Materials: _____ Direct Labor:______ Overhesd Applied:_____ C. Amount Charged to Mr. Wilks:_____ Speedy Auto Repairs uses
Speedy Auto Repairs uses a job-order costing system. The compary's direct materials consist of replacement parts instailed in customer vehicles, and its direct labor consists of the mechanics' hounly woges. Speedy's cverhead costs include vatious 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 haborhours. 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 was available with respect to his job: Compute Me. Wilkes' total job cost. 3. If Speedy establishes its seling prices using a markup percentage of 60% of its total job cost, then how much would it have charged Me Wikes? Complete the question by entering your answers in the tabs given below
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