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 55,000 142,500 223,343 38,900 Factory property tax 27,750 Advertising cost 24,500 Administrative salaries 54,000 Administrative-related depreciation 23,700 Total expected costs $941,493 Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $12.91 per hour, 2. Determine the amount of applied overhead if 17,800 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 $12.91 per hour. (Round your answer to 2 decimal places.) Predetermined Overhead Rate per DL Hour Required 1 Required 2 >