Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determ 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 $343,800 57,000 136,500 222,139 36,900 28,750 26,500 52,500 22.700 $926,789 Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $12.41 per hour. 2. Determine the amount of applied overhead if 19,000 actual hours are worked in the upcoming year