Blossom Inc. sells a high-speed retrieval system for mining information. It provides the following information for the year Actual $883,680 Overhead cost Machine hours Direct labor hours Budgeted $901,600 46,000 92.000 411400 84,600 Overhead is applied on the basis of direct labor hours. Calculate the predetermined overhead rate. (Round answer to 2 decimal places, eg. 15.25.) Predetermined overhead rate $ per direct labor hour