Case Construction Company, a three-year-old business, provides contracting and construction services to a variety of clients. Given that each construction job is different from the others, Susan Byrd, the company's accountant, decided to use a job-order costing system to allocate costs to the different jobs. She decided to use construction labour-hours as the basis for overhead allocation. In December 2021, she estimated the following amounts for the year 2022: Direct materials Construction labour Overhead Construction labour-hours $14,780,000 $ 8,800,000 $ 6,600,000 275,000 Byrd recorded the following for the second quarter of 2022 for the three jobs that the company started and completed during the quarter. Direct materials Construction labour-hours Required: School $2,956,000 71,200 Residential $2,217,000 35,600 Cinema $4,434,000 17,800 1. Compute the predetermined overhead allocation rate for 2022 and apply overhead to the three jobs. (Round your "Predetermined overhead allocation rate" to 2 decimal places.) Predetermined overhead allocation rate per DLH