Widhorse Company uses a job order cost system and applies overhead to production on the basts of direct labor costs. On January 1 . 2022, yob 50 was the only fob In process. The costs incurred prior to January 1 on this job were as follows: direct materiats $26,000, direct labor $15,600, and manufacturing overhead $20,800. As of January 1, Job 49 had been completed at a cost of $117.000 and was part of finished goods inventory. There was a $19,500 balance in the Raw Materials Irventory account on January 1. During the month of January, Withorse Company began production on Jobs 51 and 52 , and completed Jobs 50 and 51 . Jobs 49 and 50 were sold on account during the month for $158,600 and $205,400, respectively. The following additional events occurred durins the month. 1. Purchased additional raw materials of $117,000 on account. 2. Incurred factory tabor costs of $91,000. 3. Incurred manufacturing overhead costs as follows: depreciation expense on equipment $15,600; and various other manufacturing overhead costs on account $20,800. 4. Assigned difect materials and direct labor to jobs as follows. 5. Assigned indirect materials of $22,100 and indirect labor of $26,000. Calculate the predetermined overhead rate for 2022 , assuming Wildhorse Company estimates total manufacturing overhead costs of $1,092,000, direct labor costs of $910,000, and direct labor hours of 26,000 for the vear. Predetermined overhead rate %