1.66 points E2-5 Calculating Predetermined Overhead Rate and Applied Overhead [LO 2-3] Bike Company manufactures oustom racing bicycles. The company uses a job onder cost system to determine the cost of each bike. Estimated costs and expenses for the coming year fo alkow Bike parts Factory machinery depreciation Factary supervisor salanes Factory drect labor Factory supplies Factory property tax Advertising cost Administrative salaries Adminisrative-related depreciation Total expected costs $350,800 59,500 141,000 240,828 42,900 30,250 25.000 54,000 21,700 5965,978 Required: 1. Calouiate the predetermined overheed rate per direct labor hour the average to 2 decimal places-) drect labor rate is $12.81 per hour. (Round your answer per DL Hour 2. Determine the amount of applied overhead i# 19,100 actual hours are worked in the upcoming year (Round your intermediate calculations to 2 decimals. Round your final answer to the nearest whole dollar.) Hints References eBook &Resources int N1 Check my work