Rhianna makes edgy women's custom t-shirts, Rhianna started her business this year, and she uses a normal costing system. The company has two direct cost pools, materials and labor, and one indirect cost pool, overhead Overhead is charged to jobs on the basis of direct labor cost. The following information is available for the most recent year Budgeted direct labor costs $308,273 Budgeted overhead costs $490,567 Costs of material actually used $412,344 Actual direct labor costs 5364,567 Actual overhead costs $507,583 Rhianna had two jobs in process on December 31 of this year Jobs 75 and 76. There is no finished goods inventory because jobs are sent to customers as soon as they are completed. Direct costs associated with each job are below. Job 75 Job 76 Direct materials $9,221 $11,201 Direct labor $10,542 $15,923 Required: 1.Compute the overhead allocation rate. Round your answer to the nearest hundredth (two decimal places)