Ignatenko Company manufactures a line of lightweight running shoes. CEO Alona Ignatenko estimated that the company would incur

$$2,400,000$ in manufacturing overhead during the coming year. Additionally, she estimated the company would operate at a level

requiring $200,000$ direct labor hours and $500,000$ machine hours.

$($a$)$

Assume that Ignatenko Company uses direct labor hours as its manufacturing overhead application base. Calculate the company's

predetermined overhead rate. $($Round answer to $2$ decimal places, e$.$g$.52\mathrm{.}75.)$

Company's predetermined overhead rate

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per DLH