Stohz, Inc. has estimated the following operating data for the current year: Direct labor hours: 12000 Machine hours: 7000 Direct materials cost: $87000 Manufacturing overhead: $100000 Assume that Stohz, Inc. computes a predetermined overhead rate annually based on machine hours. At the beginning of January Stohz, Inc. had a zero balance in the Work-in-process inventory account. During January, Stohz, Inc. works on 2 jobs. Job-1 is completed by the end of January. Stohz, Inc. accumulated the following actual operating data by job during January:

	Job -1	Job -2	Total
Direct labor hours	547	9653	10200
Machine hours	392	98	490
Direct materials cost	$2070	$4455	$6525

The direct labor wage rate is $16 per hour during January. Actual manufacturing overhead for January is $6500. Stohz, Inc. closes out the overhead variance account at the end of each year (December 31). What is the predetermined overhead rate (per machine hour) that Stohz, Inc. will use for the current year? Round the rate to the nearest penny for your answer and use in other calculations. What will the balance be in the Work-in-process account at the end of January? (Round your final answer to the nearest dollar.)