Wheelers 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:

064 points 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 parls Factory machinery depreciation Factory supervisor salaries Factory direct labor Factory supplies Factory property tax Advertising cost Administrative salaries Administrative-related depreciation Total expected costs $356,800 60,000 136,000 223,443 37,900 30,750 22,500 53,500 26,700 5949,593 Required: 1. Calculate the predetermined overhead rate per direct labor hour it the average direct labor rate is $12.21 per hour. (Round your answer to 2 decimal places.) Overhead Rate per DL Hour 2. Determine the amount of applied ovemead i 18,500 actual hours are worked in the upcoming year. (Round your Intermediate calculations to 2 decimals. Round your tinal answer to the nearest whole dollar.)