FCC Corporation uses a job-order costing system and allocates its overhead on the basis of direct labor costs. The production costs for the year were: direct labor, $88,000; direct materials, $65,000; and factory overhead applied $117,100. The overhead application rate was (do not use percentage, use decimals to the nearest 812 places, for example, 152.5% would be 1.53 or 69.6% would be .70 )