Exercise 2-1 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 44,000 direct labor hours would be required for the period's estimated level of production. The company also estimated $536,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour, Harris's actual manufacturing overhead cost for the year was $744,566 and its actual total direct labor was 44,500 hours Required: Compute the company's plantwide predetermined overhead rate for the year. (Round your answer to 2 decimal places.) Predetermined overhead mate per DLH