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 33,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $590.000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $4.00 per
direct labor-hour, Harris's actual manufacturing overhead cost for the year was $789,889 and its actual total direct labor was 33,500
Required:
Compute the company's plantwide predetermined overhead rate for the year