What is the POHR equation? BRIEF EXERCISE 3-3 Computing the Predetermined Overhead Rate [LO3-CC5 Harris Fabrics computes its predetermined ovethead 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 [LOS-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