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. Actual Overhead Expense $101,588 Estimated (Budgeted) Overhead $112,044 Expense Actual Direct Labor Hours 10,936 Estimated Direct Labor Hours 11,955