Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor$-$hours. At the beginning of the year, it estimated that $31,000$ direct labor$-$hours would be required for the period$$s estimated level of production. The company also estimated $$546,000$ of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $$3\mathrm{.}00$ per direct labor$-$hour. Harris$$s actual manufacturing overhead cost for the year was $$699,706$ and its actual total direct labor was $31,500$ hours.

Required:

Compute the company$$s plantwide predetermined overhead rate for the year.