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 $ 343, 800 Factory machinery depreciation 54 , 000 Factory supervisor salaries 134 , 500 Factory direct labor 203 , 098 Factory supplies 44 , 400 Factory property tax 32, 750 Advertising cost 18 , 500 Administrative salaries 51, 000 Administrative-related depreciation 22, 200 Total expected costs $ 904, 248 Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $11.41 per hour. 2. Determine the amount of applied overhead if 19,200 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 $11.41 per hour. Note: Round your answer to 2 decimal places. Predetermined Overhead Rate per DL Hour