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 58,000 141,000 197,925 42,400 Factory property tax 28,250 Advertising cost 27,000 Administrative salaries 53,500 Administrative-related depreciation 22,700 Total expected costs $913,575 aces Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $11.31 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 Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $11.31 per hour. (Round your answer to 2 decimal places.) Predetermined Overhead Rate per DL Hour Required 2 >