Swanson Therapeutics manufactures anti-fatigue floor mats that provide extra cushion and support for people who spend a lot of time on their feet. The mats can be used in industrial, retail, office, and home environments. A growing area of use is for people who have chosen to use a standing desk in their office. Swanson uses a job order costing system to accumulate product costs and applies overhead to its jobs using machine hours as the application base. For the current year, the company budgeted $3,000,000 in manufacturing overhead and planned to use 250,000 machine hours. Calculate Swanson's predetermined overhead rate. ROUND YOUR ANSWER TO 2 DECIMAL PLACES. DO NOT INCLUDE A $ IN YOUR ANSWER. per