Well Tool, Inc., a manufacturer of welding tools, divided its manufacturing process into two Departments - Machining and Finishing. The estimated overhead costs for the Machining and Finishing Departments were $860,000 and $2,420,000 respectively. The company produces two types of tools - Standard and Deluxe. The Machining Department is mechanized, whereas the Finishing Department is labor oriented. Calculate the department predetermined overhead allocation rate for the Machining Department using machine hours as the allocation base. (Round answer to the nearest cent.) Standard Deluxe Totals Machining Estimated Machine hours 2,500 1,300 3,800 Finishing Estimated Labor hours 2,900 2,100 5,000