Company X uses process costing. During the period under analysis the company produced 10000

units, of which 622 units were spoiled, due to the fact that the manufacturing process, even though

carefully and efficiently executed, is unable to produce good units 100% of the

time. The total number of units spoiled in the period was 722 units. During the period there was a machine breakdown. The standard normal spoilage rate for the company is unknown.

What was the actual normal spoilage rate for the period under analysis? (round to two decimal

places)