Milsaps Company produces sportsmen's digital scales. In preparing the current budget, Milsaps' controller estimates a total of $295,000 in direct materials cost, $238,000 in direct labor cost, and $311,780 in manufacturing overhead costs. Since much of the production process requires skilled workers to assemble the scales, direct labor cost is used as the overhead application base. At the end of the period, Milsaps reported actual results as follows: direct materials cost of $292,000, direct labor cost of $198,000, and manufacturing overhead cost $255,100. Collapse question part (a) What is Milsaps' predetermined overhead rate for the year?