The primary purpose of sending a standard confirmation request to financial institutions with which the client has done business during the year is to:. a. Detect kiting activities that may otherwise not be discovered
b. Corroborate information regarding deposit and loan balances
c. Provide the data necessary to prepare a proof of cash
d. Request information about contingent liabilities and secured transactions

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.)