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[The following information applies to the questions displayed below.] A company had no jobs in progress at the beginning of the month and no beginning inventories. The company has two. manufacturing departments. It started, completed, and sold only two jobs during the month-Job A and Job B. The following additional information is available (all data and questions relate to the current month): Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Job A $15,000 $22,600 1,900 800 2,700 Job B $9,000 $8,300 1,000 1,100 2,100 Department Department 1 2 2,500 $10,500 1,500 $15,300 $ 1.60 $ 2.40 Total 4,000 $25,800 The company had no underapplied or overapplied manufacturing overhead costs during the month.
Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Job A $15,000 $22,600 1,900 800 2,700 Predetermined overhead rate Job B Answer is complete but not entirely correct. $ per 14,400.00 MH $9,000 $8,300 The company had no underapplied or overapplied manufacturing overhead costs during the month. 1,000 1,100 2,100 1. What was the company's plantwide predetermined overhead rate? (Round your answer to 2 decimal places.)