Christofferse Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the most recently completed year appear below:

Estimates made at the beginning of the year:
Estimated machine-hours		38,000
Estimated variable manufacturing overhead	$	3.33	per machine-hour
Estimated total fixed manufacturing overhead	$	548,720
Actual machine-hours for the year		33,700

Required: Compute the company's predetermined overhead rate for the recently completed year. (Round your answer to 2 decimal places.)

Predetermined Overhead Rate: