Predetermined Factory Overhead Rate Street Runner Engine Shop uses a jib order cast system to determine the cost of performing engine repair work. Estimated costs and expenses for the coming period are as follows Engine parts Shop direct labor Shop and repair equipment depreciation Shop supervisor salaries Shop property taxes Shop supplies Advertising expense Administrative office salanes Administrative office depreciation expense Total costs and expenses The average shop direct labor rate is $23 per hour. $1,291,900 943,000 47,400 131,700 23,900 18,400 25,800 111,100 14,200 $2,607,400 Determine the predetermined shop overhead rate per direct labor hour. Round the answer to nearest whole cent. per direct labor hour