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Harris fabrics computes its predetermined overhead rate

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Harris Fabrics computes its predetermined overhead rate annually on the basis of direct labor hours. At the beginning of the year it estimated that its total manufacturing overhead would be $594,000 and the total direct labor would be 33,000 hours. Its actual total manufacturing overhead for the year was $770,000 and its actual total direct labor was 34,000 hours

1. Compute the company's predetermined overhead rate for the year.

Reference no: EM13598068

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