Hartis Fabrics computes its plontwide predetermined overhead rate annually based on direct tabor-hours. At the beginning of the year, It estimated 29,000 direct labor-hours would be required for the period's estimated level of production. The company aiso estimated $505,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $4.00 per direct laborhour. Harris's actual manufacturing overhead cost for the year was $678,907 and its actual total direct labor was 29,500 hours. Required: Compute the company's plantwide predetermined overhead tate. Note: Round your answer to 2 decimal places