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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 2 5

Harris Fabrics computes its plantwide predetermined overhead rate annually based on direct labor-hours. At the beginning of the year, it estimated 25,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $557,000 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 $661,215 and its actual total direct labor was 25,500 hours.
Required:
Compute the company's plantwide predetermined overhead rate.
Note: Round your answer to 2 decimal places.
Predetermined overhead rate
$
25.56
per DLH
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