Bob's Boats uses job costing. They use direct labor hours as a basis for allocating overhead costs to jobs. Given the following information, calculate Bob's predetermined overhead rate. Input your answer without dollar signs or commas. Round your answer to two decimal places. $104,613 $114,588 Actual Overhead Expense Estimated (Budgeted) Overhead Expense Actual Direct Labor Hours Estimated Direct Labor Hours 10,948 11,379