8 Henkes Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor-hours for the upcoming year at 77,000 lobor-hours. The estimated variable manufacturing overhead was $11.80 per labor hour and the estimated total fixed manufacturing overhead was $1.270,500. The actual labor hours for the year turned out to be 79,600 lobor-hours. Required: Compute the company's predetermined overhead rate for the recently completed yeat (Round your answer to 2 decimal places.) 00 2400 Predetermined overhead rate per labor hour