Question 5 2 pts A company has two manufacturing departments- Shaping and Painting. The company uses job- order costing and provides the following estimated overhead costs for the year 2021: Beginning-of-period estimates Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per labor hour Shaping Painting Total $100,000 $60,000 $160,000| $9.20 $29.30 Estimated total direct labor hour use 5,000 2,000 7,000 The company uses a single, company-wide predetermined overhead rate to allocate overhead to jobs based on direct labor hours. What is the pre-determined overhead rate for 2021? (Round intermediate calculations and your final answer to the nearest dollar and cents.)