COMPE2-5 1 whelp Save E2-5 (Algo) Calculating Predetermined Overhead Rate and Applied Overhead (LO 2-3) 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: $340, Bee 53. see Skipped 199,123 Elke 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 25, see eBook 26, 7ee $895,773 Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $1151 per hour 2. Determine the amount of applied overhead if 18,400 actual hours are worked in the upcoming year. Print Complete this question by entering your answers in the tabs below. Required: Required 2 Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $11.51 per hour. (Round your answer to 2 decimal places.) Predetermined Overhead Rate per DL Hour Required 2 > E2-5 (Algo) Calculating Predetermined Overhead Rate and Applied Overhead (LO 2-3) 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 Skipped 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 $340, Bee 53 5ea 139.500 199,123 37,489 25.se 25, see 47.569 26,7ee $895,773 Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $11.51 per hour 2. Determine the amount of applied overhead if 18,400 actual hours are worked in the upcoming year. Print Complete this question by entering your answers in the tabs below. References Required 1 Requided 2 Determine the amount of applied overhead if 18,400 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