please help and explain!

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 $338,800 59,500 140,500 202,584 46,400 33,250 26,500 53,500 18,700 $919,734 Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $11.01 per hour. 2. Determine the amount of applied overhead if 19,000 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 $11.01 per hour. (Round your answer to 2 decimal places.) Predetermined Overhead Rate per DL Hour 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 $338,800 59,500 140,500 202,584 46, 400 33,250 26,500 53,500 18,700 $919,734 Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $11.01 per hour. 2. Determine the amount of applied overhead if 19,000 actual hours are worked in the upcoming year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the amount of applied overhead if 19,000 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