Question 4 Using the information given above, calculate the budgeted overgead rate per direct labor hour in the Assembly department. Round your solution to the nearest $0.01.

QUESTION 4 WinterPark Skis budgets manufacturing overhead costs of $600,000 for FY2022. Of this amount, $400,000 is traceable to the Assembly department and $200,000 is traceable to the Finishing department. The company manufactures two types of skis: Free-style and Racing. Budgeted direct labor hours for the Free-style model are 6 hours in the Assembly department and 2 hours in the Finishing department per pair. Budgeted direct labor hours for the Racing model are 10 hours in the Assembly department and 5 hours in Finishing department per pair. For FY2022 the company budgets production of 2100 pairs of the Free-style model and 470 pairs of the Racing model. WinterPark uses departmental rates to assign manufacturing overhead to products. Both departments allocate their overhead based on the number of direct labor hours used in that department. Using the information given above, calculate the budgeted overhead rate per direct labor hour in the Assembly departmenth Round your solution to the nearest $0.01