Tungsten, Inc. manufactures both normal and premium tube lights. The company allocates manufacturing overhead using a single plantwide rate with machine hours as the allocation base. Estimated overhead costs for the year are $ 104 comma 000. Additional estimated information is given below. Normal Premium Machine hours (MHr) 27 comma 000 41 comma 000 Direct materials $ 57 comma 000 $ 480 comma 000 Calculate the predetermined overhead allocation rate. (Round your answer to the nearest cent.)
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