Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during March - Job P and Job Q. Job P was completed and sold by the end of the March and Job Q was incomplete at the end of the March. The company uses a plantwide predetermined overhead rate based on direct labor-hours. The following additional information is available for the company as a whole and for Jobs P and Q (all data and questions relate to the month of March):
Estimated total fixed manufacturing overhead $ 15,000
Estimated variable manufacturing overhead per direct labor-hour $ 2.00
Estimated total direct labor-hours to be worked 3,000
Total actual manufacturing overhead costs incurred $ 19,000 Job P Job Q Direct materials $ 19,500 $ 9,000
Direct labor cost $ 31,500 $ 7,500 Actual direct labor-hours worked 2,100 500
Required: What is the company's predetermined overhead rate? (Round your answer to 2 decimal places.)