Atlantic Manufacturing Corp operates a job-order costing system and applies overhead cost to jobs on the basis of direct labor cost. The company has provided the following data:
(Amounts in dollars $)
Estimated direct labor cost	85,000
Actual direct labor cost	87,000
Estimated manufacturing overhead costs	148,750
Actual manufacturing overhead costs	147,300
Purchases of raw materials (all direct)	141,000
	Beginning	Ending
Raw materials	23,000	16,000
Work in Process	44,000	36,000
Finished Goods	90,000	63,000
Information about Job 137 (use to answer related question below):
Direct materials	3,200
Direct labor	4,200

Use the above to answer A-G

a)

Determine the predetermined overhead rate (POHR). Express your answer in decimal form (e.g., 1.23, not 123%). Do not include dollar signs or commas. Round your answer to the nearest two decimal places.