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Done < Ch. 2 Homework O a ezto.mheducation.com So ved Help Submit save & Exit Check my work 25 points eBook Hint print References Exercise 2-1 Compute a Predetermined Overhead Rate [L02-I] 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 40,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $540,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour, Harris's actual manufacturing overhead cost for the year was $735,075 and its actual total direct labor was 40.500 hours. Required: Compute the company's plantwide predetermined overhead rate for the year, (Round your answer to 2 decimal places.) e ne ove S 1448 per DLH