Harris Fabrics computes its plantwide predetermined overhead rate annually on thebasis of direct labor-hours. At the beginning of the year, it estimated that 34,000direct labor - hours would be required for the period's estimated level of production.The company also estimated $583,000 of fixed manufacturing overhead cost for thecoming period and variable manufacturing overhead of $2.00 per direct labor - hour.Harris's actual manufacturing overhead cost for the year was $714, 049 and its actualtotal direct labor was 34, 500 hours. Required: Compute the company's plantwidepredetermined overhead rate for the year.

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Description: Harris Fabrics computes its plantwide predetermined overhead rate annually on thebasis of direct labor-hours. At the beginning of the year, it estimated that 34,000direct labor - hours would be required for the period's estimated level of production

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Harris Fabrics computes its plantwide predetermined overhead rate annually on th basis of direct labor - hours. At the beginning of the year, it estimated that 34,000 direct labor - hours would be required for the period's estimated level of production The company also estimated $583, 000 of fixed manufacturing overhead cost for th coming period and variable manufacturing overhead of $2.00 per direct labor - hou Harris's actual manufacturing overhead cost for the year was $714, 049 and its actu total direct labor was 34,500 hours. Required: Compute the company's plantwide

Harris Fabrics computes its plantwide predetermined overhead rate annually on th basis of direct labor - hours. At the beginning of the year, it estimated that 34,000 direct labor - hours would be required for the period's estimated level of production The company also estimated $583, 000 of fixed manufacturing overhead cost for th coming period and variable manufacturing overhead of $2.00 per direct labor - hou Harris's actual manufacturing overhead cost for the year was $714, 049 and its actu total direct labor was 34,500 hours. Required: Compute the company's plantwide

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