Stingray Ltd manufactures outboard motors and an assortment of other marine equipment. The company uses a job costing system and manufacturing overhead is applied on the basis of machine hours. Estimated manufacturing overhead for the year is $1 464 000, and management expect that 73 200 machine hours will be used.

The following events occurred in April:

(a)The firm purchased marine propellers from Peninsula Marine Corporation for $7850 on credit.(b)A requisition was filed by the Gauge Department supervisor for 300 kilograms of clear plastic. The material was originally purchased for $0.60 per kilogram.(c)The Motor Testing Department supervisor requisitioned 300 metres of electrical wire, which is considered an indirect material. The wire was purchased for $0.10 per metre.(d)The months electricity bill of $800 was paid in cash.(e)Direct labour costs incurred in April were $150 000.(f)Aprils insurance cost was $1800 for insurance on the cars driven by sales personnel. The policy had been prepaid in March.(g)Metal tubing costing $6000 was purchased on credit.(h)A cash payment of $1700 was made on outstanding accounts payable.(i)Indirect labour costs of $21 000 were incurred during April.(j)Depreciation on equipment for April amounted to $14 000.(k)Job number G22, consisting of 50 tachometers, was finished during April. The total cost of the job was $1100.(l)During April, 7000 machine hours were used.(m)Sales on credit for April amounted to $350000. The cost of goods sold in April was $139000.

1.Calculate the companys predetermined overhead rate for the year.(Omit the "$" sign in your response.)

Predetermined overhead rate$per machine hour