we can compute Harris Fabrics' predetermined overhead rate for the year using the following formula: Predetermined overhead rate = (Estimated fixed overhead cost (Variable overhead rate per direct labor-hour * Estimated direct labor-hours)) / Estimated direct labor-hours Here's how we can solve it: 1.Plug in the values: oEstimated fixed overhead cost = $94,000 (from the prompt) oVariable overhead rate per direct labor-hour = $2.00 per hour (from the prompt) oEstimated direct labor-hours = 20,000 hours (from the prompt)
