I have attempted this question multiple times and have gotten various answers all that seem to be wrong

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: Bike parts Factory machinery depreciation Factory supervisor salaries Factory direct labor Factory supplies Factory property tax Advertising cost Administrative salaries Administrative-related depreciation Total expected costs $341,800 60,000 144,000 213, 122 43,900 32,750 18,500 52,500 26,700 $933,272 Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $11.71 per hour. 2. Determine the amount of applied overhead if 18,600 actual hours are worked in the upcoming year. X Answer is complete but not entirely correct. 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 $11.71 per hour. (Round your answer to 2 decimal places.) Predetermined Overhead Rate $ 1.13 X per DL Hour