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Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor - hours. At the beginning of the year, it estimated
Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct laborhours. At the beginning of the year, it estimated that direct laborhours would be required for the periods estimated level of production. The company also estimated $ of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $ per direct laborhour. Harriss actual manufacturing overhead cost for the year was $ and its actual total direct labor was hours.
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Compute the companys plantwide predetermined overhead rate for the year. Round your answer to decimal places.
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