Small Company has two production departments, Major and Minor. Small budgeted factory overhead costs of $1,200,000 in the Major department and $600,000 in the Minor Department. Small also budgeted 12,000 direct labor hours and 6,000 machine hours for the Major department and 20,000 direct labor hours and 16,000 machine hours for the Minor department. What is the Major department's overhead rate based on direct labor hours? (use the dollar sign, $, in providing your answer and round to two decimal points if necessary.)