BRIEF EXERCISE 3-3 Computing the Predetermined Overhead Rate [LO3 -cc5] Harris Fabrics computes its predetermined overhead rate annually on the basis of direct labour-hours. At the beginning of the year, it estimated that its total manufacturing overhead would be $540,000 and the total direct labour would be 30,000 hours. Its actual total manufacturing overhead for the year was $547,900, and its actual total direct labour was 31,000 hours. Required: Compute the company's predetermined overhead rate for the year. BRIEF EXERCISE 3-5 Applying Overhead [L05-CC10] Luthan Company uses a predetermined overhead rate of $13.40 per direct labour-hour. This predetermined rate was based on 19,000 estimated direct labour-hours and $254,600 of estimated total manufacturing overhead. The company used 19,800 labour-hours during the period and incurred actual total manufacturing overhead costs of $249,000. Required Determine the amount of manufacturing overhead that would have been applied to units of product during the period