12. A company makes two products 1 and 2. The finishing activity pool has estimated manufacuring costs of $49,840 and the cost drivers for Product 1 is 216 and 218 for Product 2. The assembling activity pool has estimated costs of $32,478 and the cost drivers for Product 1 is 331 and 108 for Product 2. Direct labor hours for Product 1 is 50,000 and 45,000 for Product 2. What is the manufacturing overhead rate to be used under activity based costing for the assembly pool? Round your final answer to two decimal places and do not write a dollar sign.