Coronado Wings, Inc. manufactures airplanes for use in stunt shows. Coronados factory is highly automated, using the latest in robotic technology. To keep costs low, the company employs as few factory workers as possible. Since each plane has different features (such as its shape, weight, and color), Coronado uses a job order costing system to accumulate product costs. At the end of 2020, Coronados accountants developed the following expectations for 2021 based on the marketing departments sales forecast: Budgeted overhead cost $1,050,000 Estimated machine hours 50,000 Estimated direct labor hours 9,000 Estimated direct materials cost $1,500,000 Coronados inventory count, completed on December 31, 2020, revealed the following ending inventory balances: Raw Materials Inventory $249,000 Work in Process Inventory $625,000 Finished Goods Inventory $1,470,000 The companys 2021 payroll data revealed the following actual payroll costs for the year: Job Title Number Employed Wage Rate per Hour Annual Salary per Employee Total Hours Worked per Employee President and CEO 1 $228,000 Vice president and CFO 1 $178,000 Factory manager 1 $41,000 Assistant factory manager 1 $31,300 Machine operator 5 $15 2,250 Security guard, factory 2 $20,500 Forklift operator 2 $8 2,000 Corporate secretary 1 $36,200 Janitor, factory 2 $6 2,150 The following information was taken from Coronados Schedule of Plant Assets. All assets are depreciated using the straight-line method. Plant Asset Purchase Price Salvage Value Useful Life Factory building $4,000,000 $150,000 20 Years Administrative office $650,000 $125,000 30 Years Factory equipment $2,000,000 $20,000 12 Years Other miscellaneous costs for 2020 all paid in cash included: Cost Amount Factory insurance (fully expired) $14,000 Administrative office utilities $5,700 Factory utilities $32,000 Office supplies (fully consumed) $5,200 Additional information about Coronados operations in 2020 includes the following: Raw materials purchases for the year amounted to $1,945,000. All materials were purchased on account. The company used $1,860,000 in raw materials during the year. Of that amount, 85% was direct materials and 15% was indirect materials. Coronado applied overhead to Work in Process Inventory based on direct materials cost. Airplanes costing $3,450,000 to manufacture were completed and transferred out of Work in Process Inventory. Coronado uses a markup of 150% to price its airplanes. Sales for the year were $6,570,000. All sales are made on account. (Note: This transaction requires two journal entries.) (a) What was Coronados predetermined overhead rate in 2021?

Predetermined overhead rate enter the predetermined overhead rate in percentage of direct material cost % of direct materials cost