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: Bike parts $ 338,800 Factory machinery depreciation 60,000 Factory supervisor salaries 142,500 Factory direct labor 222,425 Factory supplies 40,900 Factory property tax 27,250 Advertising cost 24,500 Administrative salaries 49,000 Administrative-related depreciation 25,700 Total expected costs $ 931,075 Required: Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $12.71 per hour. Determine the amount of applied overhead if 17,600 actual hours are worked in the upcoming year.