23-4A (Part Level Submission)

Kansas Company uses a standard cost accounting system. In 2017, the company produced28,400units. Each unit took several pounds of direct materials and 1.6 standard hours of direct labor at a standard hourly rate of $11.00. Normal capacity was50,300direct labor hours. During the year,130,700pounds of raw materials were purchased at $0.95per pound. All materials purchased were used during the year.

If total budgeted manufacturing overhead was $331,980at normal capacity, what was the predetermined overhead rate?(Round answer to 2 decimal places)