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Business, 26.09.2019 18:30 roger93

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 $ 342,800 factory machinery depreciation 53,500 factory supervisor salaries 135,000 factory direct labor 231,322 factory supplies 42,900 factory property tax 32,750 advertising cost 28,000 administrative salaries 48,000 administrative-related depreciation 25,200 total expected costs $ 939,472 required: 1. calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $12.71 per hour. (round your answer to 2 decimal places.) 2. determine the amount of applied overhead if 18,500 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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