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 $357,800 62,500 137,000 231,301 38,900 Factory property tax 32,250 Advertising cost 27,000 Administrative salaries 54,500 Administrative-related depreciation 18,200 Total expected costs $959,451 Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $12.11 per hour. 2. Determine the amount of applied overhead if 19,400 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 $12.11 per hour. (Round your answer to 2 decimal places.) Predetermined Overhead Rate per DL Hour < Required 1 Required 2 >