Wildhorse Manufacturing uses a job-order cost system and applies overhead to production on the basis of direct labour costs. On January 1, 2022, Job No. 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $30,900, direct labour $15,300, and manufacturing overhead $20,700. As at January 1 , Job No. 49 had been completed at a cost of $120,000 and was part of finished goods inventory. There was a $25,700 balance in the Raw Materials Inventory account on January 1. During the month of January, Wildhorse Manufacturing 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 $152,500 and $198,700, respectively. The following additional events occurred during the month: 1. Wildhorse purchased additional raw materials of $105,000 on account. 2. It incurred factory labour costs of $76,100. 3. It incurred manufacturing overhead costs as follows: depreciation on equipment $14,000, and various other manufacturing overhead costs on account $22,400. 4. It assigned direct materials and direct labour to jobs as follows: 5. It assigned indirect materials of $17,100 and indirect labour of $18,100. (a) Calculate the predetermined overhead rate for 2022, assuming Wildhorse Manufacturing estimates total manufacturing overhead costs of $1,510,000, direct labour costs of $754,800, and direct labour hours of 20,000 for the year. (Round answer to 2 decimal places, e.g. 21.11.)