A. SINGLE FACTORYWIDE OVERHEAD RATES. 8 points. Below are some projected costs of the Zelda Corporation for the upcoming period. Zelda Corporation manufactures Other Realm Portals. Ofce Building Depreciation $50,000 Direct Materials 81,000 Utilities, Factory 14,000 Depreciation, Factory 38,000 Supervision, Factory 1 1,000 Direct Labor 99,000 Indirect Labor 23,000 Headquarters Ofce Costs 13,000 Indirect Materials 16,000 Property Tax, Factory 12,000 Advertising Expense 12,000 Zelda Corporation's production manager expects volume for the next period to be 6,000 direct labor hours and 12,000 direct machine hours. The rm applies overhead on the basis of direct machine hours, using a single factory-wide overhead rate. REQUIRED: Compute Zelda Corporation's Factorywide Overhead Rate for the upcoming period. (Round to the nearest penny.)