The following account balances at the beginning of January were selected from the general ledger of Frozen Juice Manufacturing Company:

Work in process inventory $$0$

Raw materials inventory $$28,900$

Finished goods inventory $$40,000$

Additional data:

$1.$ Actual manufacturing overhead for January amounted to $$63,400.$

$2.$ Total direct labor cost for January was $$63,500.$

$3.$ The predetermined manufacturing overhead rate is based on direct labor cost. The budget for the year called for $$250,300$ of direct labor cost and $$350,800$ of manufacturing overhead costs.

$4.$ The only job unfinished on January $31$ was Job No$.151,$ for which total direct labor charges were $$5900(1700$ direct labor hours$)$ and total direct material charges were $$14,400.$

$5.$ Cost of direct materials placed in production during January totaled $$123,800.$ There were no indirect material requisitions during January.

$6.$ January $31$ balance in raw materials inventory was $$35,500.$

$7.$ Finished goods inventory balance on January $31$ was $$35,300.$

What is the predetermined manufacturing overhead rate?