connect. ACCOUNTING Chapter 03 Homework Question 4 (of 5) value 30.00 points Harris Fabrics computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 41,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $595,000 of fxed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $4.00 per direct labor-hour Harris's actual manufacturing overhead for the year was $840,881 and its actual total direct labor was 41,500 hours Required: Compute the company's predetermined overtead rate for the year. (Round your answer to 2 decilmal places.) per DLH Hints References eBook & Resources Hint#1 esc