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) $339,800 53,000 139,000 224,587 37,900 29,750 25,000 Administrative related depreciation Total expected costs Required: 52,500 20,200 $921,737 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 18,500 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 $12.01 per hour. (Round your answer to 2 decimal places.) Predetermined Overhead Rate per DL Hour Required 1 Required 2 Check my 2 01:56:40 eBook 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 $339,800 53,000 139,000 224,587 37,900 29,750 Advertising cost 25,000 52,500 Administrative-related depreciation 20,200 Total expected costs $921,737 Administrative salaries @ Hint Print ferences Required: 1. Calculate the predetermined overhead rate per direct labor hour if the verage direct labor rate is $12.01 per hour. 2. Determine the amount of applied overhead if 18,500 actual hours are worked in the upcoming year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the amount of applied overhead if 18,500 actual hours are worked in the upcoming year. (Round your intermediate calculations to 2 decimals. Round your final answer to the nearest whole dollar.) Applied Overhead