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Required information [ The following information applies to the questions displayed below. ] Rustafson Corporation is a diversified manufacturer of consumer goods. The company's activity

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Rustafson Corporation is a diversified manufacturer of consumer goods. The company's activity-based costing system has the following seven activity cost pools:
\table[[Activity Cost Pool,\table[[Estimated],[Overhead Cost]],Expected Activity],[Labor-related,$22,000,1,000 direct labor-hours],[Machine-related,$10,000,8,000 machine-hours],[Machine setups,$36,000,800 setups],[Production orders,$29,400,600 orders],[Product testing,$27,900,900 tests],[Packaging,$68,400,3,600 packages],[General factory,$56,800,1,000 direct labor-hours]]
Compute the company's predetermined overhead rate, assuming that the company uses a single plantwide predetermined overhead rate based on direct labor-hours. (Round your answer to 2 decimal places.)
Predetermined overhead rate
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