Nadal Company is debating the use of direct labor cost or direct labor hours as the cost allocation base for allocating manufacturing overhead. The following information is available for the most recent year: Actual direct labor hours 232 comma 800 Estimated direct labor hours 250 comma 000 Actual manufacturing overhead costs $ 365 comma 900 Estimated manufacturing overhead costs $ 400 comma 400 Actual direct labor cost $ 465 comma 700 Estimated direct labor cost $ 500 comma 600 If Nadal Company uses direct labor hours as the allocation base, what would the predetermined manufacturing overhead rate be? (Round your answer to the nearest cent.)
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