Bike parts Factory machinery depreciation $354,800 Factory supervisor salaries Factory direct labor Factory supplies Factory property tax Advertising cost Administrative salaries Administrative-related depreciation Total expected costs 60,000 134,500 219,118 42,400 27,750 26,000 47,500 26,200 $938,268 Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $12.31 per hour. 2. Determine the amount of applied overhead if 18,600 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 $12.31 per hour. (Round your answer to 2 decimal places.) Predetermined Overhead Rate per DL Hour