Exercise 2-1 (Algo) Compute a Predetermined Overhead Rate [LO2-1) 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 33,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $592,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of 54.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was 5786,895 and its actual total direct labor was 33,500 hours Required: Compute the company's plantwide predetermined overhead rate for the year. (Round your answer to 2 decimal places.) Predetermined overhead rate per DLH Exercise 2-2 (Algo) Apply Overhead Cost to Jobs [LO2-2) Luthan Company uses a plantwide predetermined overhead rate of $2270 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $272.400 of total manufacturing overhead cost for an estimated activity level of 12,000 direct labor- hours The company incurred actual total manufacturing overhead cost of $267.000 and 12,600 total direct labor-hours during the period Required: Determine the amount of manufacturing overhead cost that would have been applied to all jobs during the period. Manufacturing overhead applied