Rustafson Corporation is a diversified manufacturer of consumer goods. The company's activity-based costing system has the following seven activity cost pools:

Activity Cost Pool	Estimated Overhead Cost	Expected Activity
Labor-related	$ 20,400	10,000	direct labor-hours
Machine-related	$ 2,000	8,000	machine-hours
Machine setups	$ 20,400	600	setups
Production orders	$ 18,400	400	orders
Product testing	$ 29,600	800	tests
Packaging	$ 79,200	3,600	packages
General factory	$ 58,000	10,000	direct labor-hours

Exercise 4-2 Part 2 (Algo)

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.)