A furniture corporation manufactures two models of furniture-Standard and Deluxe. The total estimated manufacturing overhead costs are $64,200. The following estimates are available: Direct materials cost per unit Direct labor cost per unit Number of units Standard $240 Deluxe $280 $115 250 $140 500 The company uses direct labor costs as the base to allocate manufacturing overhead. Calculate the predetermined overhead rate. (Round your answer to two decimal places.)