Harris fabrics computes its plantwide 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 $543,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $2.00 per direct labor-hour. harris’s actual manufacturing overhead cost for the year was $678,635 and its actual total direct labor was 34,500 hours. required: compute the company’s plantwide predetermined overhead rate for the year. (round your answer to 2 decimal places.)