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 36,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $501,000 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 $677,683 and its actual total direct labor was 36,500 hours. Required: Compute the company's plantwide predetermined overhead rate for the year. (Round your answer to 2 decimal places.) Predetermined overhead rate per DLH
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 36,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $501,000 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 $677,683 and its actual total direct labor was 36,500 hours. Required: Compute the company's plantwide predetermined overhead rate for the year. (Round your answer to 2 decimal places.) Predetermined overhead rate per DLH
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![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 36,000 direct labor-hours would be required for the period's estimated level
of production. The company also estimated $501,000 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 $677,683 and its actual total direct labor was 36,500 hours.
Required:
Compute the company's plantwide predetermined overhead rate for the year. (Round your answer to 2 decimal
places.)
Predetermined overhead rate
per DLH](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F64f5a7ce-a444-469c-aaaf-d6378f57c470%2F78d94124-a96f-4b2e-b31f-cec593770ae9%2Fwoizktv_processed.png&w=3840&q=75)
Transcribed Image Text: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 36,000 direct labor-hours would be required for the period's estimated level
of production. The company also estimated $501,000 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 $677,683 and its actual total direct labor was 36,500 hours.
Required:
Compute the company's plantwide predetermined overhead rate for the year. (Round your answer to 2 decimal
places.)
Predetermined overhead rate
per DLH
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