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 $355,880 61,560 144,00 226,504 40.900 38,750 20.00 55,689 25,780 $960,154 Required: 1. Calculate the predetermined overhead rate per direct labor hour If the average direct labor rate is $12.31 per hour. 2 Determine the amount of applied overhead if 18.100 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 $12.31 per hour. (Round your answer to 2 decimal places.) Required 1 Required 2 Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $12.31 per hour. (Round your answer to 2 decimal places.) Predetermined Overhead Rate per DL Hour Required 1 Required 2 Determine the amount of applied overhead if 18,100 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