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 $14,920,000 $ 9,500,000 $ 6,175,000 475,000 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 $2,984,000 73,600 Residential $2,238,000 36,800 Cinema $4,476,000 18,400 1. Compute the predetermined overhead allocation rate for 2022 and apply overhead to the three jobs. (Round your "Predetermine overhead allocation rate" to 2 decimal places.) Predetermined overhead allocation rate per DLH