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Chapter 03 Problems instructions help Question 1 (of 5 Save& Exit | | Submit value 10.00 points Harris Fabrics computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 44,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $565,000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $2.00 per direct labor-hour. Harris's actual manufacturing overhead for the year was $736,070 and its actual total direct labor was 44,500 hours Required Compute the company's predetermined overhead rate for the year. (Round your answer to 2 decimal places.) per DLH