Explain clearly..

Henkes Corporation bases its Predetermined Overhead rate on the estimated La boy - hours For the upcoming year. At the begining of this most recently completed your, the company estimated the Labor- hours fort the upcoming year at Soow Labor-hours. The estimated variable manufacturing overhead was $10.15 Pes Laboo- hour and the estimated total fixed manufacturing overhead was $ 8. Bow . The actual Labor- hours for the year turned Out to be 53, 6w Labor- hours . Requied : - Compute the Company's Predetermined overhead rate for the recently completed year. ( Round your Answer to 2 decimal Places.)