Homework - Chapter 2 G Saved Exercise 2-1 Compute a Predetermined Overhead Rate [LO2-1] 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 32,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $596,000 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 $753,188 and its actual total direct labor was 32,500 hours. 14.28 polnts Book Required: Compute the company's plantwide predetermined overhead rate for the year. (Round your answer to 2 decimal places.) Hint re rate ove per DLH Print References