Digger Inc. sells a high-speed retrieval system for mining information. It provides the following information for the year. Budgeted Actual Overhead cost $1,355,580 $1,325,580 Machine hours 56,900 48,400 Direct labor hours 102,000 98,500 D Overhead is applied on the basis of direct labor hours. (a) Compute the predetermined overhead rate. (Round answer to 2 decimal places, eg. 12.25) Predetermined overhead rate per direct labor hour