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Nheeler'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
Nheeler'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 Factory supervisor salaries Factory direct labor Factory supplies Factory property tax Advertising cost $349,800 61,000 35,500 223,661 39,900 29,250 26,000 52,500 23,200 salaries otal expected costs 940,811 Required: 1. Calculate the predetermined overhead rate per direct labor hour if the averag e direct labor rate is $11.71 per hour. (Round your answer to2 decimal places) S 10 29 per DL Hour 2. Determine the amount of applied overhead if 19.400 actual hours are worked in the upcoming year. (Round your intermediate calculations to 2 decimals. Round your final answer to the nearest whole dollar.)
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