Harris Fabrics computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 27,000 direct labor-hours would be required for the period's estimated level of production. The company also 2.5 estimated $579,000 of fixed manufacturing overhead expenses for the coming period points and variable manufacturing overhead of $2.00 per direct labor-hour. Harris's actual manufacturing overhead for the year was $687,347 and its actual total direct labor was Skipped 27,500 hours. eBook Required: Hint Compute the company's predetermined overhead rate for the year. (Round your answer to 2 decimal places.) Mc Graw Hill Prev. 1 of 7 Next >