Chapter $2$ Homework

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$4$

Harris Fabrics computes its plantwide predetermined overhead rate annually based on direct labor$-$hours. At the beginning of the year, it estimated $33,000$ direct labor$-$hours would be required for the period's estimated level of production. The company also estimated $$538,000$ of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $$4\mathrm{.}00$ per direct labor hour. Harris's actual manufacturing overhead cost for the year was $$730,402$ and its actual total direct labor was $33,500$ hours.

$1\mathrm{.}5$points

$04$:$09$:$57$

Required:

Compute the company's plantwide predetermined overhead rate.

Note: Round your answer to $2$ decimal places.

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