The following information pertains to Trenton Glass Works for the year just ended.

Budgeted direct-labor cost: 75,000 hours (practical capacity) at $16 per hour
Actual direct-labor cost: 80,000 hours at $17.50 per hour
Budgeted manufacturing overhead: $997,500
Actual selling and administrative expenses: 431,000

Actual manufacturing overhead:
Depreciation	$	232,000
Property taxes		22,000
Indirect labor		81,000
Supervisory salaries		201,000
Utilities		58,000
Insurance		33,000
Rental of space		302,000
Indirect material (see data below)		77,000
Indirect material:
Beginning inventory, January 1		47,000
Purchases during the year		94,000
Ending inventory, December 31		64,000

Required:
1. Compute the firm’s predetermined overhead rate, which is based on direct-labor hours. (Round your answer to 2 decimal places.)