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 $351,800 56,500 142,000 219,780 45,900 34,250 21,500 50,500 26,700 $948,930 Required 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $12.21 per hour. (Round your answer to 2 decimal places.) ined Overhead Rate per DL Hour 2. Determine the amount of applied overhead if 18,300 actual hours are worked in the upcoming year. (Round your intermediate calculations to 2 decimals. Round your final answer to the nearest whole dollar.) lied Overhead