Night Corporation bases its predetermined overhead rate on the estimated labor$-$hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the laborhours for the upcoming year at $14,000$ labor$-$hours. The estimated variable manufacturing overhead was $$4\mathrm{.}35$ per labor$-$hour and the estimated total fixed manufacturing overhead was $$156,130.$

equired:

mpute the company's predetermined overhead rate for the recently completed year.