The overhead costs that Side Industries Inc., used to compute it's overhead rate for the past year are as follows:

indirect materials and supplies, repair and maintenance, outside service contracts, indirect labor, factory supervision, factory insurance, heat, light and power costs. $222,000

property taxes and miscellaneous overhead costs. $13,000

depreciation, machinery. $85,000

total overhead costs. $320,000

the allocation base for the past year was 40,000 total machine hours. for the next year, all overhead costs except depreciation, property taxes, and miscellaneous overhead are expected to increase by 10 percent. depreciation should increase by 12 percent and property taxes and miscellaneous overhead are expected to increase by 20 percent. plant capacity in terms of machine hours used will increase by 10,000 hours.

computer the past years overhead rate $________ /MH

compute the overhead rate for the next year. round your answer to the nearest cent. $___________ /MH