During january, luxury cruise lines incurs employee salaries of $1.3 million. withholdings in january are $99,450 for the employee portion of fica, $195,000 for federal income tax, $81,250 for state income tax, and $13,000 for the employee portion of health insurance (payable to blue cross/blue shield). the company incurs an additional $80,600 for federal and state unemployment tax and $39,000 for the employer portion of health insurance.

required:

1., 2.& 3. record the necessary entries in the journal entry worksheet below. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. enter your answers in dollars, not in millions (i. e. 5 should be entered as 5,000,

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: direct labor-hours required to support estimated output 20,000 fixed overhead cost $ 350,000 variable overhead cost per direct labor-hour $ 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: direct materials $ 590 direct labor cost $ 109 direct labor-hours used 6