Digger Inc. sells a high-speed retrieval system for mining information. It provides the following information for the year.

		Budgeted		Actual
Overhead cost		$1,378,850		$1,351,850
Machine hours		56,300		46,500
Direct labor hours		109,000		105,000

Overhead is applied on the basis of direct labor hours

Compute the predetermined overhead rate. (Round answer to 2 decimal places, e.g. 12.25.)

Predetermined overhead rate

$

per direct labor hour

Determine the amount of overhead applied for the year.

Amount of overhead applied

$