Kody Corporation uses a jpb-order costing system with a plantwide overhead rate based on machine-hours. At the beginning of the year, the company made the following esimates 159,000 Machine hours required to support estimated production Fixed manufacturing overhead cost 3 650.000 4.90 ariabl mandactuing overthead cot per machine hour Required: 1. Compute the predetermined overhead rate. (De not round intermediate cafoalations. Round your answer to 2 decimal places) per MH