Harris Fabrics computes its plantwide predetermined overhead rate annually based on direct labor-hours. At the beginning of the year, it estimated 35,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $525,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $2.00 per direct labor- hour. Harris's actual manufacturing overhead cost for the year was $656,750 and its actual total direct labor was 35,500 hours. Required: Compute the company's plantwide predetermined overhead rate. Note: Round your answer to 2 decimal places. Predetermined overhead rate per DLH

Harris Fabrics computes its plantwide predetermined overhead rate annually based on direct labor-hours. At the beginning of the year, it estimated 35,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $525,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $2.00 per direct laborhour. Harris's actual manufacturing overhead cost for the year was $656,750 and its actual total direct labor was 35,500 hours. Required: Compute the company's plantwide predetermined overhead rate. Note: Round your answer to 2 decimal places. Harris Fabrics computes its plantwide predetermined overhead rate annually based on direct labor-hours. At the beginning of the year. it estimated 35,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $525,000 of fixed manufacturing overhead cost for the coming period and varioble manufacturing overhead of $2.00 per direct labor. hour, Harris's actual manufacturing overhead cost for the year was $656,750 and its actual total direct labor was 35,500 hours. Required: Compute the company's plantwide predetermined overhead rate. Note: Round your answer to 2 decimal places