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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 20,000 direct labor-hours would be required for the period? estimated level of production. The company also estimated $94,000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $2.00 per direct labor-hour. Harris's actual manufacturing overhead for the year was $123,900 and its actual total direct labor was 21,000 hours.

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

  • accounting -

    5.90

  • accounting -

    6.7

  • accounting -

    6.7

  • accounting -

    44

  • accounting -

    6.70

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