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The following data relates to Spurrier Company's budgeted amounts for next year. Budgeted Data: Department 1 Department 2 Overhead costs $ 1,280,000 $ 3,480,000 Direct
The following data relates to Spurrier Company's budgeted amounts for next year.
| Budgeted Data: | Department 1 | Department 2 | ||
|---|---|---|---|---|
| Overhead costs | $ 1,280,000 | $ 3,480,000 | ||
| Direct labor hours | 549,000 | DLH | 799,000 | DLH |
| Machine hours | 99,000 | MH | 33,000 | MH |
What is the company's plantwide overhead rate based on direct labor hours? (Round your answer to two decimal places.)
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