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 $341,800 56,000 138,000 239,547 40,400 27,750 22,000 48,000 27,200 $940,697 Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $12.81 per hour. 2. Determine the amount of applied overhead if 19,400 actual hours are worked in the upcoming year. Required 1 Required 2 Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $12.81 per hour. (Round your answer to 2 decimal places.) Predetermined Overhead Rate $ 14.88 per DL Hour Required 1 Required 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.) Applied Overhead $ 279,624