Summer Supplies calculates its predetermined overhead rate annually on the basis of direct labour hours. At the beginning of the year, it had the following estimated amounts: Estimated total manufacturing overhead: $185,000 Estimated total direct labour hours: 13,000 Estimated total machine hours: 9,000 The actual amounts for the year were: Total manufacturing overhead costs: $215,500 Total direct labour hours: 13,500 Total machine hours: 9,250 Calculate the company's predetermined overhead rate for the year. Enter your answer in the space below. (Round to two decimal places and do not include a dollar sign or comma. I.e. 0000.00) Your Answer: