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E 2 - 5 ( Algo ) Calculating Predetermined Overhead Rate and Applied Overhead [ LO 2 - 3 ] Wheeler's Bike Company manufactures custom

E2-5(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 $11.41 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.
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Required 2
Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $11.41 per hour.
Note: Round your answer to 2 decimal places.
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