Hykes Corporation's manufacturing overhead includes $5.00 per machine-hour for supplies; $5.00 per machine-hour for indirect labor; $61,800 per period for salaries; and $57,710 per period for depreciation.

TB Problem Qu. 10A-174 Hykes Corporation's manufacturing overhead Hykes Corporation's manufacturing overhead includes $5.00 per machine-hour for supplies; $5.00 per machine-hour for indirect labor; $61,800 per period for salaries; and $57,710 per period for depreciation. Required Determine the predetermined overhead rate if the denominator level of activity is 3,700 machine-hours. (Round your answer to 2 decimal places.) Predetermined overhead rate