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 $55,000$ labor$-$hours. The estimated

variable manufacturing overhead was $${10\mathrm{.}90}^{\text{'}}$ per labor$-$hour and the estimated total fixed manufacturing overhead was $$929,500.$ The

actual labor$-$hours for the year turned out to be $57,400$ labor$-$hours.

Required:

Compute the company's predetermined overhead rate for the recently completed year.

Note: Round your answer to $2$ decimal places.