Saved Help Save & Exit Hykes Corporation's manufacturing overhead includes $5.90 per machine-hour for supplies; $5.90 per machine-hour for indirect labor; $70,800 per period for salaries; and $73,640 per period for depreciation. Required: Determine the predetermined overhead rate if the denominator level of activity is 4,600 machine-hours. (Round your answer to 2 decimal places.) Predetermined overhead rate