value: 6.66 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 38,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $528,000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour Hari's actual manufacturing overhead for the year was $715.897 and its actual total direct labor was 38,500 hours. Required: pute the company's predetermined overhead rate for the year. (Round your answer to 2 decimal aces. per DLH Hints References eBook& Resources Hint#1