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 supervibor salarion Factory direct labor Factory supplies Factory property tax Advertising coat Administrative salaries Administrative-related depreciation Total expected costs $356,800 59.000 139,500 214,293 40,900 25,250 25,000 52,500 26,200 5939, 443 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 17,600 actual hours are worked in the upcoming year Caminta thir