Question 1 ( 10.00 points its predetermined overhead rate annually on the basis of direct labor-hours. At the beg inning of the year, it estimated that 20,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $04,000 of fixed manufacturing expenses for the coming period and variable manufacturing overhead of $2.00 per direct labor-hour Haris's actual manufacturing overhead for the year was $123,900 and its actual total direct labor was 21,000 hours Required: Compute the company's predetermined overhead rate for the year. (Round your answer to 2 decimal places.) rate per DLH Hints References eBook & Resources Check my work Mac