Question: just need correct answers please asap. HW Chapter 2 Problem 2-18 Job-Order Costing for a Service Company (L02-1, LO2-2, LO2-3) Speedy Auto Repairs uses a


HW Chapter 2 Problem 2-18 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 applies all of its overhead costs to jobs based on direct labor hours. At the beginning of the year, it made the following estimates points Direct labor-hour required to support estimated output Fixed overhead cost Variable overhead coat per direct labor-hour 20.000 $ 350,000 $ 1.00 References 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: Direet materials Direct labor cost Direct Labor-hessed 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? 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 2 > Problem 2-18 Job-Order Costing for a Service Company (LO2-1, 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. perts 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 Direct labor-hours required to support estimated output Fixed overhead cost Variable overhead cont per direct labor-hour 350.000 Book References Required: 1. Compute the predetermined overhead rate. 2. During the year, Mr. Wikes brought in his vehicle to replace his brakes, spark plugs, and tires. The following information was available with respect to his job: Direet materials Direet Labor cost Direet labor-hours used $ $ 590 109 Compute Mt Wikes' 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? 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 Wiks
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