Logan Products computes its predetermined overhead rate annually on the basis of machine-hours. At the beginning of the year, it estimated that its total manufacturing overhead would be $353,500 and machines would be run a total of 22,500 hours. Its actual total manufacturing overhead for the year was $341,400 and its actual total machine-hours was 22,000 hours. Required: Compute the company's predetermined overhead rate for the year. (Round your predetermined overhead rate to 2 decimal places.) Answer is complete but not entirely correct. Predetermined overhead rate $ 4,244.00 X per MH