Developing and Using a Predetermined Overhead Rate: High$-$Low Cost Estimation

$($b$.)$ Assume that the Mattoon Components Company had the following total manufacturing overhead costs and direct labor hours in $2016$ and $2017$ :

Use the high$-$low method to develop a cost estimating equation for total manufacturing overhead.

$($c$.)$ Develop a predetermined rate for $2018,$ assuming $25,000$ direct labor hours are budgeted for $2018.$

Round answers to two decimal places.

per direct labor hour

Do not use a negative sign with vour answer.