pokesman 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 | $ | 345,800 |
| Factory machinery depreciation | 61,500 | |
| Factory supervisor salaries | 134,500 | |
| Factory direct labor | 199,980 | |
| Factory supplies | 41,900 | |
| Factory property tax | 28,750 | |
| Advertising cost | 26,500 | |
| Administrative salaries | 53,500 | |
| Administrative related depreciation | 18,200 | |
| | | |
| Total expected costs | $ | 910,630 |
| | | |
| | ||
| Requirement 1: |
| Determine the predetermined overhead rate per direct labor hour if the average direct labor rate is $11.11 per hour. (Round your answer to 2 decimal places. Omit the “$” sign in your response.) |
| Predetermined overhead rate | $ | per DL Hour |
| Requirement 2: |
| Determine the amount of applied overhead if 18,300 hours are worked in the upcoming year. (Round your answer to the nearest dollar amount. Omit the “$” sign in your response.) |
| Applied overhead | $ |
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