Velton Corporation produces toddlers' plastic slides. In preparing the current budget, Velton's management chooses to use an overhead base of direct labor hours. Velton estimates a total of $$300,000$ in manufacturing overhead costs and $5,000$ direct labor hours for the coming year. In December, Velton's controller reported actual manufacturing overhead incurred of $$320,000$ and $4,900$ direct labor hours used during the year.

$($a$)$

What is Velton's predetermined overhead rate for the year?

Predetermined overhead rate per direct labor hour