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What is the company plantwide predetermined overhead rate

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Question - Harris Fabrics computes its plantwide pre determined overhead rate annually on the basis of direct labor hours. At the beginning of the year, it estimated that 20,000 direct labor hours would be required for the period's estimated level of production. The company also estimated $94,000 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 123,900 and its actual total direct labor was 21,000 hours. What is the company's plantwide predetermined overhead rate for the year?

Reference no: EM132720591

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