BEYHIVE bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, Beyhive estimated the labor-hours for the upcoming year at 80,000 labor-hours. The estimated variable manufacturing overhead was $10.70 per labor-hour and the estimated total fixed manufacturing overhead was $1,440,000. The actual labor-hours for the year turned out to be 84,000 labor-hours.

Required:

Compute Beyhive's predetermined overhead rate for the recently completed year. (Round your answer to 2 decimal places.)

Predetermined overhead rate per labor-hour