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 $345,800 57,500 144, eae 222,028 37,900 26,250 22,50 52,500 18,700 $927,178 Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $11.81 per hour. 2. Determine the amount of applied overhead if 18,500 actual hours are worked in the upcoming year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $11.81 per hour (Round your answer to 2 decimal places.) Predetermined Overhead Rate per DL Hour (Required Required 2 > 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 $345,800 57,500 144,000 222,028 37,988 26,250 22, see 52,50 18,70 $927,178 Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $11.81 per hour. 2. Determine the amount of applied overhead if 18,500 actual hours are worked in the upcoming year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the amount of applied overhead if 18,500 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