#3. Assume you made the following two predictions for 2022 for one of your production facilities:

Total manufacturing overhead for the year $15,000,000 Total direct labor hours for the year 800,000

Actual results for July 2022 were as follows:

Manufacturing overhead $1,238,500 Direct labor hours 98,500

Calculate the predetermined overhead rate per direct labor hour for 2022. (Include two decimal places in your answer)