The manufacturing overhead budget at Latronica Corporation is based on budgeted direct labor-hours. The direct labor budget shows that 7,100 direct labor-hours may be required in August. The variable overhead rate is $ 8.60 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $ 132,770 per month, which adds depreciation of $24,850. All other fixed manufacturing overhead costs show current cash flows. The company re - computes its predetermined overhead rate every month. Evaluate the predetermined overhead rate for August