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 $346,800 61,000 138,000 207,662 45,900 28,750 25,000 $2,000 21,200 $926,312 Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $11.41 per hour. 2. Determine the amount of applied overhead if 18,700 actual hours are worked in the upcoming year. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below.