Kansas Company uses a standard cost accounting system. In 2020, the company produced 28,100 units. Each unit took several pounds of direct materials and 1.6 standard hours of direct labor at a standard hourly rate of $13.00. Normal capacity was 50,200 direct labor hours. During the year, 130,000 pounds of raw materials were purchased at $0.95 per pound. All materials purchased were used during the year.

If total budgeted manufacturing overhead was $361,440 at normal capacity, what was the predetermined overhead rate based on direct labor hours? (Round answer to 2 decimal places, e.g. 2.75.)

Predetermined overhead rate $ ?

Actual hours worked 45560

Actual rate per hour 12.90

Standard hours allowed 44960 hours

Standard materials quantity per unit is 4 pounds