Campaign Company, which applies overhead to production on the basis of machine hours, reported the following data for the period just ended: Actual units produced: 17,000 Actual fixed overhead incurred: $976,000 Actual machine hours worked: 73,000 Budgeted fixed overhead: $972,400 Planned level of machine-hour activity: 68,000 If Campaign estimates three hours to manufacture a completed unit, the company's standard fixed overhead rate per machine hour would be: