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 80,000 labor-hours. The estimated variable manufacturing overhead was $8.60 per labor hour and the estimated total fixed manufacturing overhead was $1,328,000. The actual labor hours for the year turned out to be 83,000 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 hour