Predetermined Factory Overhead Rate Novus Engine Shop uses a job order cost system to determine the cost of performing engine repair work. Estimated costs and expenses for the coming period are as follows: Engine parts $1,197,400 Shop direct labor 874,000 Shop and repair equipment depreciation 44,300 Shop supervisor salaries 123,200 Shop property taxs 22,400 Shop supplies 17,100 Advertising expense Administrative office salaries Administrative office depreciation expense Total costs and expenses The average shop direct labor rate is $19 per hour. Determine the predetermined shop overhead rate per direct labor hour. Round your answer to the nearest cent. per direct labor hour 23,900 103,000 13,200 $2,418,500