Rocky mountain corporation makes two types of hiking boots—xactive and pathbreaker. data concerning these two product lines appear below: xactive pathbreaker direct materials per unit $ 64.10 $ 50.30 direct labor cost per unit $ 17.50 $ 12.30 direct labor-hours per unit 1.4 dlhs 1 dlhs estimated annual production and sales 18,000 units 68,000 units the company has a conventional costing system in which manufacturing overhead is applied to units based on direct labor-hours. data concerning manufacturing overhead and direct labor-hours for the upcoming year appear below: compute the predetermined overhead rate based on direct labor-hours. (round the intermediate calculations and final answer to two decimal places.)