Blue Sky Incorporated listed the following data for the current year: $ 1,245,000. Budgeted factory overhead Budgeted direct labor hours Budgeted machine hours 75,000 41,500 1,090,200 87,400 40,500 Actual factory overhead Actual direct labor hours Actual machine hours Assuming Blue Sky Incorporated applied overhead based on direct labor hours, the firm's predetermined overhead rate for the current year rounded to 2 decimal places is: