Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to...

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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 $342,800 54,500 137,000 245,290 39,400 Factory property tax 24,750 Advertising cost 24,500 Administrative salaries Total expected costs 49,000 Administrative-related depreciation 23,200 $940,440 Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $12.91 per hour. 2. Determine the amount of applied overhead if 18,100 actual hours are worked in the upcoming year. Complete this question by entering your answers in the tabs below. Required 1 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 $342,800 54,500 137,000 245,290 39,400 Factory property tax 24,750 Advertising cost 24,500 Administrative salaries Total expected costs 49,000 Administrative-related depreciation 23,200 $940,440 Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $12.91 per hour. 2. Determine the amount of applied overhead if 18,100 actual hours are worked in the upcoming year. Complete this question by entering your answers in the tabs below. Required 1 Required 2