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Exercise $4-2($Algo$)$ Compute Activity Rates $[$LO$4-2]$

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Rustafson Corporation is a diversified manufacturer of consumer goods. The company's activity$-$based costing system has the following seven activity cost pools:

$\backslash$table$[[,\backslash$table$[[$Estimated$],[$Overhead Cost$]],$Expected Activity$],[$Activity Cost Pool,$$17,600,5,000$ direct labor$-$hours$],[$Labor$-$related,$$14,000,8,000$ machine$-$hours$],[$Machine$-$related,$$31,500,700$ setups$],[$Machine setups,$$32,900,700$ orders$],[$Production orders,$$24,000,600$ tests$],[$Product testing,$$90,000,3,600$ packages$],[$Packaging$,$$$50,000,5,000$ direct labor$-$hours$],[$General factory,,$],[,,],[,,]]$

Exercise $4-2$ Part $2($Algo$)$

$2.$ Compute the company's predetermined overhead rate, assuming that the company uses a single plantwide predetermined overhead rate based on direct labor$-$hours.

Note: Round your answer to $2$ decimal places.

Predetermined overhead rate

per DLH