Cullumber Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $1,512,000 for the year, and machine usage is estimated at 200,000 hours. In January, $156,240 of overhead costs are incurred and 22,000 machine hours are used. For the remainder of the year, $1,629,600 of additional overhead costs are incurred and 214,000 additional machine hours are worked. (a) Your answer is correct. Compute the predetermined manufacturing overhead rate for the year. (Round answer to 2 decimal places, eg. 52.75.) Predetermined manufacturing overhead rate \$ per machine hour