Harris Fabrics computes its plantwide predetermined overhead rate annually based on direct labor-hours. At the beginning of the year, it estimated 27,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $565,000 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 $678,588 and its actual total direct labor was 27,500 hours. Required: Compute the company's plantwide predetermined overhead rate. Note: Round your answer to 2 decimal places. Answer is complete but not entirely correct. Predetermined overhead rate $ 619,000.00 Xper DLH

Hatris Fabrics computes ins plantwide predetermined overhead rate annually based on cirect labor-hours. At the beginning of the year, it estimated 27000 direct labor hours would be required for the periods estimated level of production. The compary aiso estimated $565.000 of fixed manufacturing overhead cost for the coming period and varlable manufacturing overhead of $200 per clirect iabor. hour. Harris's octual manufacturing creathead cost for the year was $678,589 and its actual total direct labor was 27,500 hours. Required: Compute the company's plantwide predetermined overthead rate Note: Round your answer to 2 decimal places. 8 Answer is complete but not entirely correct