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Harris Fabrics computes its plantwide predetermined overhead rate annually based on direct labor-hours. At the...

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Accounting

Harris Fabrics computes its plantwide predetermined overhead rate annually based on direct labor-hours. At the beginning of the year, it estimated 38,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $591,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $4.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was $814,376 and its actual total direct labor was 38,500 hours. Required: Compute the company's plantwide predetermined overhead rate. Note: Round your answer to 2 decimal places. Predetermined overhead rate per DLH

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