Required Information

$[$The following information applies to the questions displayed below.$]$

Sweeten Company had no Jobs In progress at the beginning of the year and no beginning inventorles. It started,

completed, and sold only two jobs during the year$-$Job P and Job Q$.$ The company uses a plantwide predetermined

overhead rate based on machine$-$hours. At the beginning of the year, It estimated that $4,000$ machine$-$hours would be

required for the perlod's estimated level of production. Sweeten also estimated $$27,400$ of fixed manufacturing overhead

cost for the coming perlod and varlable manufacturing overhead of $$2\mathrm{.}30$ per machine$-$hour.

Because Sweeten has two manufacturing departments$-$Molding and Fabrication$-$It is considering replacing Its plantwide

overhead rate with departmental rates that would also be based on machine$-$hours. The company gathered the following

additional information to enable calculating departmental overhead rates:

The direct materlals cost, direct labor cost, and machine$-$hours used for Jobs $P$ and $Q$ are as follows:

Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the year.

Required:

For questions $1-8,$ assume that Sweeten Company uses a plantwide predetermined overhead rate wlth machine$-$hours as

the allocation base. For questions, $9-15,$ assume that the company uses predetermined departmental overhead rates with

machine$-$hours as the allocation base in both departments.

What is the company's plantwide predetermined overhead rate?

Note: Round your answer to $2$ decimal places.