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 $349,800 55,500 140,000 242,109 37,900 27,750 23,000 52,500 21,700 $950,259 Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $12.81 per hour. 2. Determine the amount of applied overhead if 18,400 actual hours are worked in the upcoming year.