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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 54.ee 135, eee 196,647 37,400 25,750 25,500 $2,000 18,700 $896,797 aces Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $11.11 per hour 2. Determine the amount of applied overhead if 17700 actual hours are worked in the upcoming year. Complete this question by entering your answers in the tabs below. Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $11.11 per hour. 2. Determine the amount of applied overhead if 17,700 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 $11.11 per hour. (Round your answer to 2 decimal places.) Predetermined Overhead Rato per DL. Hour 003 Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $11.11 per hour. 2. Determine the amount of applied overhead if 17700 actual hours are worked in the upcoming year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the amount of applied overhead if 17,700 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