Georgia State University ACCT 2102  Kansas Company uses a standard cost accounting system

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Georgia State University ACCT 2102 

Kansas Company uses a standard cost accounting system. In 2020, the company produced 27,900 units. Each unit took several pounds of direct materials and 1.6 standard hours of direct labor at a standard hourly rate of $12.00. Normal capacity was 50,100 direct labor hours. During the year, 130,800 pounds of raw materials were purchased at $0.91 per pound. All materials purchased were used during the year.

If total budgeted manufacturing overhead was $350,700 at normal capacity, what was the predetermined overhead rate based on direct labor hours? (Round answer to 2 decimal places, e.g. 2.75.)

Predetermined overhead rate