Harwood Company uses a job-order costing system. Overhead costs are applied to jobs on the basis of machine-hours. At the beginning of the year, management estimated that 81,000 machine-hours would be required for the period's estimated level of production. The company also estimated $145,800 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $0.70 pe machine-hour Required: 1. Compute the company's predetermined overhead rate. (Round your answer to 2 decimal places.) redetermined overhead rate 250j per MH