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Madrigal Corporation has two production departments, Forming and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Forming Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: Forming Customizing Machine-hours 19,000 12,000 Direct labor-hours 4,000 8,000 Total fixed manufacturing overhead cost $119,700 $67,200 Variable manufacturing overhead per machine-hour $2.00 Variable manufacturing overhead per direct labor-hour $4.20 Calculate the predetermined overhead rate for the Forming Department