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9 E2-5 (Algo) Calculating Predetermined Overhead Rate and Applied Overhead [LO 2-3] 1 points Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow: Skipped eBook Hint Bike parts Factory machinery depreciation Factory supervisor salaries Factory direct labor Factory supplies Factory property tax Advertising cost Administrative salaries Administrative-related depreciation Total expected costs $342,800 56,500 136,000 242,761 39,400 27,750 25,500 51,000 26, 200 $947, 911 Print References Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $12.71 per hour. 2. Determine the amount of applied overhead if 18,700 actual hours are worked in the upcoming year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $12.71 per hour. (Round your answer to 2 decimal places.) Predetermined Overhead Rate per DL Hour 9 E2-5 (Algo) Calculating Predetermined Overhead Rate and Applied Overhead (LO 2-3] 1 points Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow: Skipped eBook Hint Bike parts Factory machinery depreciation Factory supervisor salaries Factory direct labor Factory supplies Factory property tax Advertising cost Administrative salaries Administrative-related depreciation Total expected costs $342,800 56,500 136,000 242,761 39,400 27,750 25,500 51,000 26, 200 $947,911 Print References Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $12.71 per hour. 2. Determine the amount of applied overhead if 18,700 actual hours are worked in the upcoming year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the amount of applied overhead if 18,700 actual hours are worked in the upcoming year. (Round your intermediate calculations to 2 decimals. Round your final answer to the nearest whole dollar.) Applied Overhead