16.

Baker Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $72,160 and 2,200 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $74,260 and actual direct labor-hours were 2,050.

The predetermined overhead rate for the year was closest to: (Round your answer to 2 decimal places.)