Travelcraft Company manufactures a complete line of fiberglass suitcases and attach cases. The firm has three manufacturing departments: Molding, Component, and Assembly. There are also two service departments: Power and Maintenance.

The sides of the cases are manufactured in the Molding Department. The frames, hinges, and locks are manufactured in the Component Department. The cases are completed in the Assembly Department. Varying amounts of materials, time, and effort are required for each of the cases. The Power Department and Maintenance Department provide services to the three manufacturing departments.

Travelcraft has always used a plantwide overhead rate. Direct-labor hours are used to assign overhead to products. The predetermined overhead rate is calculated by dividing the company's total estimated overhead by the total estimated direct-labor hours to be worked in the three manufacturing departments.

Karen Mason, director of cost management, has recommended that Travelcraft use departmental overhead rates. The planned operating costs and expected levels of activity for the coming year have been developed by Mason and are presented by department in the following schedules. (All numbers are in thousands.)

Service DepartmentsPowerMaintenanceDepartmental activity measures:Maximum capacity1,000kilowatt hoursAdjustableEstimated usage for the coming year800kilowatt hours100hoursDepartmental costs:Materials and supplies$6,000$1,200Variable labor1,6003,590Fixed overhead25,150210Total service department costs$32,750$5,000Manufacturing DepartmentsMoldingComponentAssemblyDepartment activity measures:Direct-labor hours5002,6001,900Machine hours9501000Departmental costs:Direct material$12,900$32,000$1,240Direct labor3,90022,00013,000Variable overhead3,00012,00020,000Fixed overhead19,7006,5006,400Total departmental costs$39,500$72,500$40,640Use of service departments:Maintenance:Estimated usage in labor hours for the coming year702010Power (in kilowatt-hours):Estimated usage for the coming year350350100Maximum allotted capacity500300200

1.Calculate the plantwide overhead rate for Travelcraft Company for the coming year using the same method as used in the past.(Round your answer to 2 decimal places.)