Harris Fabrics computes its plantwide predetermined overhead rate annually based on direct labor-hours. At the beginning of the year, it estimated 26,000 direct labor-hours would be required for the periods estimated level of production. The company also estimated $503,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $2.00 per direct labor-hour. Harriss actual manufacturing overhead cost for the year was $606,748 and its actual total direct labor was 26,500 hours. Compute the companys plantwide predetermined overhead rate