Question 5 Crede Manufacturing Company uses a standard cost accounting system. In 2020, 29,000 units were produced. Each unit took several kilograms of direct materials and 1.6 standard hours of direct labour at a standard hourly rate of $9. Normal capacity was 50,200 direct labour hours. During the year, 118,900 kg of raw materials were purchased at $0.94 per kilogram. All materials purchased were used during the year. If total budgeted manufacturing overhead was $376,500 at normal capacity, what was the predetermined overhead rate? (Round answer to 2 decimal places, e.g. 15.25.) Predetermined overhead rate Attempts: 0 of 1 used