"Allbright Ltd manufactures wooden furniture. It uses a job costing system that applies factory overhead on the basis of direct labour hours. Budgeted factory overhead for the year 2020 was $1,235,475, and management budgeted 86 700 direct labour hours. Allbright Ltd had no direct materials, indirect materials, work-in-process, or finished goods inventory at the beginning of February 2020. The following transactions were recorded during February:"

Question 1 Calculate the firm's predetermined factory overhead rate for the year?