Henkes Corporation bases its predetemined Ouchead rate on the estimated Labog-hours for the upcoming year. At the beginning of this most recently completed years, the company estimated the labor-hours fort the upcoming year at soow Labor-hours. The estimated variable manufacturing overhead was $10.15 Per laboo-hour and the estimated to ta 1 fixed manufacturing overhead was $8,80ow. The actual Labor-hours for the year turned out to be 53,6w Labor-hours. Required: Compute the company's predeterminell overhead rate for the recently completed Year. (Round your Answer to 2 decimal Places)