Cullumber Company applies manufacturing overhead based on direct labor hours. Information concerning manufacturing overhead and labor for the year follows: Actual manufacturing overhead $84,800 Estimated manufacturing overhead $79,500 Direct labor hours incurred 4,800 Direct labor hours estimated 5,000 (a) Compute the predetermined overhead rate. (Round answer to 2 decimal places, e.g. 15.25.) Predetermined overhead rate $

enter the predetermined overhead rate in dollars per direct labor hour rounded to 2 decimal places per direct labor hour