Lorenzo has been offered a chance to work overseas for an international tech company. The opportunity means that he will need to leave his current company even though he is currently in the middle of a big project there. However, Lorenzo knows the new position is major step up for him career-wise, so he decides to take it, even though his current company will potentially face short-term setbacks as a result. Based on this scenario, Lorenzo is most likely a member of a(n) culture.

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.)