You received no credit for this question in the previous attempt. 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 $346,800 59,500 143,500 227,675 45,400 Factory property tax 31,750 Advertising cost 21,500 Administrative salaries 46,000 Administrative-related depreciation 26,700 Total expected costs $948,825 Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $13.01 per hour. 2. Determine the amount of applied overhead if 18,000 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 $13.01 per hour. (Round your answer to 2 decimal places.) Predetermined Overhead Rate $ 13.01 per DL Hour