E$2-5($Algo$)$ Calculating Predetermined Overhead Rate and Applied Overhead $[$LO $2-3]$

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:

Required:

Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $$11\mathrm{.}41$ per hour.

Determine the amount of applied overhead if $18,100$ 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 $$11\mathrm{.}41$ per hour.

Note: Round your answer to $2$ decimal places.