Cartels often dissolve because their members often set a time limit as to how long the cartel should exist. their members often cheat on the cartel agreements because they have incentive to. their members often find that they do not earn as high profits from the cartel as they had hoped to. firms in a cartel face different costs than firms outside a cartel. none of the above

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.)