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 $353,800 54,000 138,500 223,696 37,400 25,750 25,500 54,000 26,700 $939,346 Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $12.71 per hour. 2. Determine the amount of applied overhead if 18,000 actual hours are worked in the upcoming year. Complete this question by entering your answers in the tabs below.