How does revolving credit differ from installment credit? A balance with installment credit can go up and down as long as the account is in good standing, but revolving credit requires that a balance
is paid by an end date in periodic installments.
A balance with revolving credit can go up and down as long as the account is in good standing, but installment credit requires that a balance
is paid by an end date in periodic installments.
Revolving credit allows the user to exceed the agreed upon credit limit by paying a higher interest rate, while installment credit requires that
the interest rate stays the same and the credit limit is not exceeded.
Installment credit allows the user to exceed the agreed upon credit limit by paying a higher interest rate, while revolving credit requires that
the interest rate stays the same and the credit is not exceeded

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