Sheridan Manufacturing is a small manufacturer that uses machine hours as its activity base for assigning overhead costs to jobs. The company estimated the following amounts for 2022 for the company and for Job 62: Company Job 62 $68,400 $5,300 Direct materials $28,500 $3,700 Direct labor $92,340 Manufacturing overhead costs Machine hours 102,600 1,590 During 2022, the actual machine hours totaled 108,300, and actual overhead costs were $80,600. (a) Compute the predetermined overhead rate. (Round answer to 2 decimal places, eg. 52.75.) $ per machine hour Predetermined overhead rate