Fred has worked for alliance tv and radio for 10 years, but the 90-minute commute to and from work is really bothering him. he approached his supervisor and was to find that she took his request seriously and came up with a plan that allowed him to work from his home two days a week. this attempt to accommodate fred and other workers like him reflects the need of employers to recognize

Harris fabrics computes its 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 $599,000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour. harris's actual manufacturing overhead for the year was $768,234 and its actual total direct labor was 34,500 hours. required: compute the company's predetermined overhead rate for the year. (round your answer to 2 decimal places.)