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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. Bike parts $349,880 Factory machinery depreciation 53,089 Factory supervisor salaries 134,500 Factory direct labor 230, 197 Factory supplies 46,989 Factory property tax 26,75 Advertising cost 22,000 Administrative salaries 56,000 Administrative-related depreciation 2e 700 Total expected costs $939, 847 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 17700 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 eDL Hour Required 2 > mhed Wheeler's Bike Company manufactures custom racing bicydes. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow. Bike parts Factory machinery depreciation $349,800 53,699 Factory supervisor salaries 134,500 Factory direct labor 230,197 Factory supplies 46,900 Factory property tax 26,750 Advertising cost 22,000 Administrative salaries 56,089 Administrative-related depreciation 20.780 Total expected costs $939, 847 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 17700 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 17,700 actual hours are worked in the upcoming year (Round your intermediate calculations to 2 decimals. Round your finalawer to the nearest whole dollar) Applied Overhead and 1