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Harris Fabrics computes its plantwide predetermined overhead rate annually based on direct labor-hours....

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Accounting

Harris Fabrics computes its plantwide predetermined overhead rate annually based on direct labor-hours. At the beginning of the year, it estimated 27,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $577,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $4.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was $744,435 and its actual total direct labor was 27,500 hours.
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