Crowson Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Required: Calculate the predetermined overhead rate for the year. Note: Round your answer to 2 decimal places. 50,000 $ 410,000 $ 4.00 Predetermined overhead rate per labor-hour