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: $ 352,800 62,000 142,500 189,372 41,400 26,250 25,500 48,500. 23,200 $ 911,522 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $11.01 per hour. 2. Determine the amount of applied overhead if 17,500 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 17,500 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