Exercise 4-2 (Algo) Compute Activity Rates [LO4-2] [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: Activity Cost Pool Labor-related Hachine-related Machine setups Production orders Product testing Packaging General factory Estimated Overhead Cost $ 25,200 $5,000 $ 18,000 Expected Activity 2,000 direct labor-hours 5,000 machine-hours 500 setups 700 orders $ 29,400 $ 23,000 1,000 tests $ 84,000 3,500 packages $ 60,000 2,000 direct labor-hours: 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.) Predetermined overhead rate per DLH