d Assignment 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, 62, 14e 50 234 549 Bike parte Factory machinery depreciation Factory Supervisor salaries Factory direct labor Factory supplies Factory property tax Advertising cost Adsinstrative salaries Administrative-related depreciation Total expected costs 343,699 Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $12.41 per hour 2. Determine the amount of applied overhead 18.300 actual houts are worked in the upcoming year Complete this question by entering your answers in the tabs below. Required 1 Required 2 age direct laborate is $12.41 per hour (Round Calculate the predetermined overhead rate per direct labor hour if the your answer to 2 decime places inted?) Administrative salaries Administrative-related depreciation Total expected costs 52. See 18,28 SM3.699 Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $12.41 per hour 2. Determine the amount of applied overhead if 18.300 actual hours are worked in the upcoming year rences Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the amount of applied overhead IF 18.300 actual hours are worked in the upcoming year Round your intermed calculations to 2 decimals. Round your final answer to the nearest beled Aed (Required