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

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Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 41.000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $554 000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of 400 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was $797306 and its actual total direct labor was 41,500 hours Required: Compute the company's plantwide predetermined overhead rate for the year. (Round your answer to 2 decimal places.) Predetermined overhead cale per DH

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