Milsaps Company produces sportsmen's digital scales. In preparing the current budget, Milsaps controler estimates a total of $281.000 in direct materials cost. $202.000 in direct labor cost and $264,620 inmanacturing overhead costs. Since much of the production process requires skilled workers to assemble the scales, direct labor cost is used as the overhead application base. At the end of the period. Milas reported actual results as follows: direct materials cost of $288.000, direct labor cost of $224.000, and manufacturing overhead cost $289,020. What is Mis predetermined overhead rate for the year? Milsaps predetermined overhead rate