Based on the "fictitious" information for a company like Green Biz, take the following information under consideration and answer the questions listed. The company computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it was estimated that 20,000 direct labor-hours would be required for the period's estimated level of production. he company also estimated $94,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $2.00 per direct labor-hour. The company's actual manufacturing overhead cost for the year was $123,900 and its actual total direct labor was 21,000 hours. 1. What is the computation for the company's plantwide predetermined overhead rate for the year. Show your work. Hint: formula Y = a + bX

Based on the "fictitious" information for a company like Green Biz, take the following information under consideration and answer the questions listed. The company computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it was estimated that 20,000 direct labor-hours would be required for the period's estimated level of production, he company also estimated $94,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead ol $2.00 per direct labor-hour, The company's actual manufacturing overhead cost for the year was $123,900 and its actual total direct tabor was 21,000 hours. 1. What is the computation for the company's plantwide predetermined overhead rate for the year. Show your work. Hint: formula Y=a+bX