! Required information (The following information applies to the questions displayed below.] Phillips Sporting Goods manufactures various sporting goods including tennis rackets and golf clubs. The company's activity-based costing system has the following seven activity cost pools: Activity Cost Pool Labor-related Machine-related Machine setups Production orders Product testing Packaging General factory Estimated Overhead Cost $ 16,800 $ 16,000 $ 30,400 $ 6,600 $ 12,000 $ 51,000 $ 55,600 Expected Activity 2,000 direct labor-hours 8,000 machine-hours 800 setups 200 orders 500 tests 3,400 packages 2,000 direct labor-hours 2. 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 per DLH