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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

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:

Bike parts $ 353,800
Factory machinery depreciation 60,000
Factory supervisor salaries 138,500
Factory direct labor 209,616
Factory supplies 43,900
Factory property tax 34,250
Advertising cost 25,500
Administrative salaries 51,000
Administrative-related depreciation 19,200
Total expected costs $ 935,766

Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $11.91 per hour. (Round your answer to 2 decimal places.) 2. Determine the amount of applied overhead if 17,900 actual hours are worked in the upcoming year. (Round your intermediate calculations to 2 decimals. Round your final answer to the nearest whole dollar.)

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