Question 1 2 pts Bob's Boats uses job costing. They use direct labor hours as a basis for allocating overhead costs to jobs. Given the following information, calculate Bob's predetermined overhead rate. Input your answer without dollar signs or commas. Round your answer to two decimal places. Actual Overhead Expense $109,443 Estimated (Budgeted) Overhead Expense $110,616 Actual Direct Labor Hours 10,029 Estimated Direct Labor Hours 11,244