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 Be 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 $341,800 55,000 141,500 213,367 46,900 33.250 20.000 47,500 25,700 $925,012 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 ir 19,000 actual hours are worked in the upcoming year, Answer is complete but not entirely correct. 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. (Round your answer to 2 decimal places.) Freemd Overhead Fate S 42.940 28 per DL Hour Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost or 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 5341,300 55,00 141,500 213,367 15,900 33,250 20,000 17,500 25,200 3925,017 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 19,000 actual hours are worked in the upcoming your Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the amount of applied overhead if 19,000 actual hours are worked in the upcoming year. (Round your intermediate calculations to 2 decimals. Round your final answer to the nearest whole dollar) Arp od Overhead 216,7903