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I will thumbs up correct answer right away calucation is driving me nuts to tired lol thanks Wheeler's Bike Company manufactures custom racing bicycles. The

image text in transcribedimage text in transcribedI will thumbs up correct answer right away calucation is driving me nuts to tired lol thanks

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 $350, 800 56,500 139,500 219,144 37,400 29, 250 26,500 52,000 24,700 $935,794 Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $11.91 per hour. 2. Determine the amount of applied overhead if 18,100 actual hours are worked in the upcoming year. 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 $11.91 per hour. (Round your answer to 2 decimal places.) Predetermined Overhead Rate $ 11.91 per DL Hour Required 1 Required 2 > 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 $350,800 56,500 139,500 219,144 37,400 29, 250 26,500 52,000 24,700 $935,794 Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $11.91 per hour. 2. Determine the amount of applied overhead if 18,100 actual hours are worked in the upcoming year. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the amount of applied overhead if 18,100 actual hours are worked in the upcoming year. (Round your intermediate calculations to 2 decimals. Round your final answer to the nearest whole dollar.) Applied Overhead $ 215,571 X

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