Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the Deginning 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 $534,000 of fixed manufacturing overhead cost for the coming period and ariable manufacturing overhead of $2.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the ye was $662,603 and its actual total direct labor was 34,500 hours. equired: Compute the company's plantwide predetermined overhead rate for the year. (Round your answer to 2 decimal place 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 34,000 direct labor-hours would be required for the period's estimated level of
production. The company also estimated $534,000 of fixed manufacturing overhead cost for the coming period and
variable manufacturing overhead of $2.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year
was $662,603 and its actual total direct labor was 34,500 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
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 34,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $534,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $2.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was $662,603 and its actual total direct labor was 34,500 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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