At the end of the year, but before an adjustment had been made to close Manufacturing Overhead Control, A-1 Frames had the following account balances:

Raw Materials Inventory$126,955Work in Process Inventory$147,363Finished Goods Inventory$342,900Cost of Goods Sold$1,959,500

At the beginning of the year, management had estimated that total manufacturing overhead would be $591,360 and had planned to apply overhead to jobs based on an estimated use 42,240 of machine hours. The actual number of machine hours used during the year was 42,800, and actual manufacturing overhead cost for the year was $627,200.

(a)

What predetermined overhead rate did the company use throughout the year?(Round answer to 2 decimal places, e.g. 15.25.)