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Question: e25 calculating predetermined overhead rate and applied overhead lo 23...

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E2-5 Calculating Predetermined Overhead Rate and Applied Overhead [LO 2-3] Wheelers 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 deprecation Total expected costs $352,800 54,000 142,500 217,175 37,400 34,250 27,500 51,500 22,700 S939,825 Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $12.41 per hour. (Round your answer to 2 decimal places.) Overhead Rate per DL Hour 2. Determine the amount of applied overhead if 17,800 actual hours are worked in the upcoming year. (Round your intermediate calculations to 2 decimals. Round your final answer to the nearest whole dollar.)

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