1 Exercise 2-1 Compute a Predetermined Overhead Rate [LO2-1) 125 points Harris Fabrics computes its plantwide predetermined ovellead rate annually on the basis of direct labor hours. At the beginning of the year, it estimated that 42,000 direct labor hours would be required for the period's estimated level of production. The company also estimated $584,000 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 $826,827 and its actual total direct labor was 42,500 hours eBook Required: Compute the company's plantwide predetermined overhead rate for the year. (Round your answer to 2 decimal places.) References Prodotorninod overhead per DLH