Problem 23-4A (Part Level Submission)

Kansas Company uses a standard cost accounting system. In 2017, the company produced27,900units. Each unit took several pounds of direct materials and 1.6 standard hours of direct labor at a standard hourly rate of $13.00. Normal capacity was49,700direct labor hours. During the year,130,300pounds of raw materials were purchased at $0.93per pound. All materials purchased were used during the year.

If total budgeted manufacturing overhead was $328,020at normal capacity, what was the predetermined overhead rate? (Round answer to 2 decimal places, e.g. 2.75.)

Predetermined overhead rate$