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A hospital uses time-driven activity-based costing. The nursing department has the following costs. $72,657 medicine costs $120,047 nurse salaries $38,593 supervisor salaries $18,014 patient management

A hospital uses time-driven activity-based costing. The nursing department has the following costs.

$72,657 medicine costs

$120,047 nurse salaries

$38,593 supervisor salaries

$18,014 patient management software

$10,635 peripheral supplies

The department traces medicine use and nurse time to each patient. The department has 4,597 nursing hours per period. What is the department's capacity cost rate (round rate to the nearest cent)?

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