Help 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: Bike parts Factory machinery depreciation Factory supervisor salaries Factory direct labor Factory supplies Factory property tax Advertising cost Administrative salarios Administrative-related depreciation Total expected costs $345,800 57,500 143,500 193,933 45,400 29, 250 19,500 47,000 18,700 $900,583 Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $11.21 per hour. 2. Determine the amount of applied overhead if 18,900 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 $11.21 per hour. (Round your answer to 2 decimal places.) Predetermined Overhead Rate per DL Hour