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 $ $345,800$

Factory machinery depreciation $59,500$

Factory supervisor salaries $144,000$

Factory direct labor $236,406$

Factory supplies $39,900$

Factory property tax $31,250$

Advertising cost $20,000$

Administrative salaries $52,000$

Administrative$-$related depreciation $18,200$

Total expected costs $ $947,056$

Required:

Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $$12\mathrm{.}71$ per hour.

Determine the amount of applied overhead if $18,500$ actual hours are worked in the upcoming year.