Harris Fabrics computes its plantwide predetermined overhead rate annually based on direct labor-hours. At the beginning of the year, it estimated 34,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated \\( \\$ 558,000 \\) of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of \\( \\$ 200 \\) per direct latorhour. Harris's actual manufacturing overhead cost for the year was \\( \\$ 693,856 \\) and its actual total direct labor was 34,500 hours. Required: Compute the company's plantwide predetermined overhead rate. Note: Round your answer to 2 decimal places