Jimbob Co. has budgeted direct labour hours as follows: Quarter 11 12 3 Hours 11,000 12,000 10,000 11.000 44.000 14 Year Variable manufacturing overhead is applied using direct labour hours at a rate of $3.00 per DLH Fixed manufacturing overhead is budgeted at $10000 per quarter which includes $8,000 in depreciation expense. What is the predetermined overhead rate per DLH for the year rounded to nearest cent