Blossom Company applies manufacturing overhead based on direct labor hours. Information concerning manufacturing overhead and labor for the year is as follows: Actual manufacturing overhead $186,000 Estimated manufacturing overhead $180,000 Direct labor hours incurred 4,800 Direct labor hours estimated 5,000 Compute the predetermined overhead rate. (Round answer to 2 decimal places, e.g. 15.25.) Predetermined overhead rate $ per direct labor hour