Republic bank pays 3.25% interest, compounded monthly. (1) what is your average daily balance for march? (2) how much interest will you have earned if you have the following transactions? (march has 31 days) date account activity balance march 1 beginning balance $6,500 march 16 withdraw $1,500 $5,000 march 28 deposit $700 $5,700 $5,500 average daily balance; $15.18 in interest $5,816.13 average daily balance; $16.05 in interest $5,819.35 average daily balance; $15.54 in interest $6,010 average daily balance; $16.59 in interest

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