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 Required: $ 355,800 60,000 134,000 233,142 37,400 32,250 26,500 52,000 21,200 $ 952,292 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $12.81 per hour. 2. Determine the amount of applied overhead if 18,300 actual hours are worked in the upcoming year.