Herkes 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 66,000 labor hours. The estimated variable manufacturing overhead was $841 per labor hour and the estimated total foxed manufacturing overhead was $15330 The actual labor hours for the year turned out to be 68.400 labor-hours Required Compute the company's predetermined overhead rate for the recently completed year