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Harris Fabrics computes its plantwide predetermined overhead rate annually based on direct labor - hours. At the beginning of the year, it estimated 3 8

Harris Fabrics computes its plantwide predetermined overhead rate annually based on direct labor-hours. At the beginning of the year, it estimated 38,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $552,000 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 $736,363 and its actual total direct labor was 38,500 hours.
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Compute the company's plantwide predetermined overhead rate.
Note: Round your answer to 2 decimal places.
Predetermined overhead rate
per DLH
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