National Inc. manufactures two models of CMD that can be used as cell phones, MPX, and digital camcorders.
	Model		Annual Sales in Units
	High F		9,000
	Great P		14,480
National uses a volume-based costing system to apply factory overhead based on direct labor dollars. The unit prime costs of each product were as follows:
			High F		Great P
Direct materials			$34.25		$23.22
Direct labor			$15.57		$11.52
Budgeted Factory Overhead
Engineering and Design				2,141	engineering hours			$365,873
Quality Control				11,380	inspection hours			$236,309
Machinery				30,705	machine hours			$473,265
Miscellaneous Overhead				23,480	direct labor hours			$117,681
Total								$1,193,128
National's controller had been researching activity-based costing and decided to switch to it. A special study determined National's two products have the following budgeted activities:
				High F		Great P
Engineering and design hours				833		1,280
Quality control inspection hours				5,002		6,230
Machine hours				17,986		11,940
Labor hours				10,430		12,420
What is the overhead application rate using the firm's volume-based costing system (rounded to the nearest percent or cents)?