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Exercise 4-2 (Algo) Compute Activity Rates [LO 4-2] [The following information applies to the questions displayed below.] Rustafson Corporation is a diversified manufacturer of consumer

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Exercise 4-2 (Algo) Compute Activity Rates [LO 4-2] [The following information applies to the questions displayed below.] Rustafson Corporation is a diversified manufacturer of consumer goods, The company's activity-based costing system has the following seven activity cost pools: Exercise 4-2 Part 2 (Algo) 2. Compute the company's predetermined overhead rate, assuming that the company uses a single plantwide predetermined overhead rate based on direct labor-hours. (Round your answer to 2 decimal places.)

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