Harris Fabrics computes its plantwide predetermined overhead rate annually based on direct labor-hours. At the beginning of the year, it estimated 40,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $559.000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overthead of $4.00 per direct laborhour. Harrs's actual manufacturing overhead cost for the year was $798,862 and its actual total direct labor wos 40,500 hours. Required: Compute the company's plantwide predetermined overhead rate Note: Round your answer to 2 decimal places