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	$101,738
Estimated (Budgeted) Overhead Expense	$112,962
Actual Direct Labor Hours	10,050
Estimated Direct Labor Hours	11,744