Exam +2 Chapters 283 Sami Help Save & Exit Submit 16 Henkes Corporation bases its predetermined overhead rate on the estimated labor hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor hours for the upcoming year at 75,000 labor-hours. The estimated variable manufacturing overhead was $710 per tabor hour and the estimated total fixed manufacturing overhead was $1,372,500. The actual labor hours for the year turned out to be 77,000 labor hours Required: Compute the company's predetermined overhead rate for the recently completed year (Round your answer to 2 decimal places.) 3 po % 00:29:30 Predelmoed oothood role per tabor hour MC Graw Hall Type here to search O - 65F Clear 8:36 PM 9/26/2021