Marine Components produces parts for airplanes and ships. The parts are produced to specification by their customers, who pay either a fixed price (the price does not depend directly on the cost of the job) or price equal to recorded cost plus a fixed fee (cost plus). For the upcoming year (year 2). Marine expects only two clients (client 1 and client 2). The work done for client 1 will be done under fixed-price contracts while the work done for client 2 will all be done under cost-plus contracts. The controller of Marine Components chose direct labor cost as the allocation base in year 2, based on what she considered reflected the relation between overhead and direct labor cost. Year 3 is approaching and again the company only expects two clients: client 1 and client 3. Work for client 1 will continue to be billed using fixed-price contracts, and client 3 will be billed based on cost-plus contracts. Manufacturing overhead for year 3 is established to be $21 thousand. Other budgeted data for year 3 include: Required: Compute the predetermined rate assuming the Marine Components uses machine-hours to apply overhead. (Round your answer to 2 decimal places.) Compute the predetermined rate assuming that Marine uses direct labor cost to apply overhead