Wheelers 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:

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 60,500 Factory machinery depreciation Factory supervisor salaries Factory direct labor Factory supplies Factory property tax Advertising cost 134,000 208,803 37,900 25,750 20,500 54,000 18,200 Administrative salaries Administrative-related depreciation Total expected costs $903,453 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 18,000 actual hours are worked in the upcoming year. 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.) Predetermined Overhead Rate per DL Hour Required 2 Required 1 Required 1 Required 2 Determine the amount of applied overhead if 18,000 actual hours are worked in the upcoming year. (Round your intermediate calculations to 2 decimals. Round your final answer to the nearest whole dollar.) Applied Overhead Required 1 Required 2