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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 4 2
Harris Fabrics computes its plantwide predetermined overhead rate annually based on direct laborhours. At the beginning of the year,
it estimated direct laborhours would be required for the period's estimated level of production. The company also estimated
$ of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $ per direct labor
hour. Harris's actual manufacturing overhead cost for the year was $ and its actual total direct labor was hours.
Required:
Compute the company's plantwide predetermined overhead rate.
Note: Round your answer to decimal places.
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