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1 1 Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year it estimated

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1 1 Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year it estimated that 32,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $510,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.00 per direct labor hour Horria's actual manufacturing overhead cost for the year was $664,219 and its actual total direct tobor was 32,500 hours Required: Compute the company's plantwide predetermined overhead rate for the year. (Round your answer to 2 decimal places.) + point Predetermined overhead rata per DLH Print Herence

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