# Harris Fabrics computes its predetermined overhead rate annually on the basis of direct labor-hours. At the...

Harris Fabrics computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 26,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated \$557,000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of \$4.00 per direct labor-hour. Harris's actual manufacturing overhead for the year was \$718,762 and its actual total direct labor was 26,500 hours Required: Compute the company's predetermined overhead rate for the year. (Round your answer to 2 decimal places.) Predetermined overhead rate per DLH

 Predetermined overhead Rate = Total manufacturing overhead /Total estimated Labour Hours Total Manufacturing Overhead = Fixed manufacturing Overhead + Variable manufaturing Overhead Estimated Fixed Manufacturing Overhead = \$ 557,000 Estimated Variable manufacturing Overhead = 26,000 X 4 = 104,000 Estimated Direct Labour Hours 26,000 Hours Estimated total manufacturing Overhead = 557,000 + 104,000 = \$661,000 Predetermined overhead Rate = 661,000/26000 = 25.42 per DLH
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