Tyler Tooling Company uses a job order cost system with overhead applied to products on the basis of machine hours. For the upcoming year, the company estimated its total manufacturing overhead cost at $202.240 and total machine hours at 63,200. During the first month of operations, the company worked on three jobs and recorded the following actual direct materials cost direct labor cost, and machine hours for each job: Direct materials used Direct labor Machine hours Job 101 Job 102 Job 103 Total $ 10,900 $ 3,600 $ 4,700 $ 24,200 $ 17,600 $ 5,100 $ 4,800 $ 28,500 1,700 hours 2,6ee hours 1,500 hours 5,800 hours ences Job 101 was completed and sold for $50,500 Job 102 was completed but not sold Job 103 is still in process Actual overhead costs recorded during the first month of operations totaled $17.660. Required: 1. Calculate the predetermined overhead rate. (Round your onswer to 2 decimal places.) Prodetermined Overhead Rato per Machine Hour