Pharoah Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $2,016,000 for the year, and machine usage is estimated at 200,000 hours. In January, $208,320 of overhead costs are incurred and 22,000 machine hours are used. For the remainder of the year, $2,172,800 of additional overhead costs are incurred and 214,000 additional machine hours are worked.

(a)

Compute the predetermined manufacturing overhead rate for the year. (Round answer to 2 decimal places, e.g. 52.75.)

Predetermined manufacturing overhead rate

$enter the predetermined manufacturing overhead rate in dollars per machine hour rounded to 2 decimal places per machine hour