Henkes Corporation bases its predetermined overhead rate on the estimated labor hours for the upcoming year At the beginning of the most recently completed year, the company estimated the labor hours for the upcoming year at 79,000 labor hours. The estimated variable manufacturing overhead was 511 90 per tabor hour and the estimated total fed manufacturing overhead was $1469 400. The actual labor-hours for the year turned out to be 81100 labor hours Required: Compute the company's predetermined overhead rate for the recently completed year. (Round your answer to 2 decimal places.) per labor how > Henkes Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor-hours for the upcoming year at 79,000 fabor-hours. The estimated variable manufacturing overhead was $11.90 per labor-hour and the estimated total fixed manufacturing overhead was $1.469.400. The actual labor-hours for the year turned out to be 81100 labor-hours Required: Compute the company's predetermined overhead rate for the recently completed year. (Round your answer to 2 decimal places.) Predetermined overhead rate per labor how 26