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 $351,800 57,000 141,500 219,783 46,400 Factory property tax 32,750 Advertising cost 27,000 Administrative salaries Total expected costs 50,500 Administrative-related depreciation. 21,200 $947,933 Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $12.01 per hour. 2. Determine the amount of applied overhead if 18,800 actual hours are worked in the upcoming year.