The following information has been gathered for the Georgia Manufacturing Company pertaining to its fiscal year ending December 31: Actual manufacturing overhead costs Actual direct labor hours $1,650,300 66,000 Actual direct labor rate $15.50 Estimated manufacturing overhead costs $1500,000 Estimated direct labor rate $15.75 Estimated direct labor hours 65,000 Georgia Mfg. Co. uses direct labor costs. as the activity base for assigning overhead? What is the predetermined manufacturing overhead rate? (Round to the nearest $0.01.)