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 Required: $350,800 52,500 141,000 200,274 45,900 25,750 19,500 48,000 26,200 $ 909,924 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $11.51 per hour. 2. Determine the amount of applied overhead if 18,600 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 $11.51 per hour. Note: Round your answer to 2 decimal places. Predetermined Overhead Rate $ 52.29 per DL Hour Required 1 Required 2 > E2-5 (Algo) Calculating Predetermined Overhead Rate and Applied Overhead [LO 2-3] Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost each bike. Estimated costs and expenses for the coming year follow: Bike parts Factory machinery depreciation Factory supervisor salaries Factory direct labor Pactory supplies Factory property tax Advertising cost Administrative salaries) Administrative-related depreciation Total expected costs Required: $ 350,800 52,500 141,000 200,274 45,900 25,750 19,500. 48,000 26,200 $ 909,924 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $11.51 per hour. 2. Determine the amount of applied overhead if 18,600 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 18,600 actual hours are worked in the upcoming year. Note: Round your intermediate calculations to 2 decimals. Round your final answer to the nearest whole dollar. Applied Overhead $ 265,236 < Required 1 Required 2>