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 $349,800 61,500 141,000 193,933 39,400 31,250 28,000 54,000 19,700 $918,583 Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $11.21 per hour. 2. Determine the amount of applied overhead if 17,700 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 $11.21 per hour. (Round your answer to 2 decimal places.) Predetermined Overhead Rate per DL Hour Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $11.21 per hour. 2. Determine the amount of applied overhead if 17.700 actual hours are worked in the upcoming year. Complete this question by entering your answers in the tabs below. Required 1 Required 21 Determine the amount of applied overhead if 17,700 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