Based on the account balances below, what is the total of the debit and credit columns of the adjusted trial balance? Service revenue $5360 Equipment $7460 Cash 2635 Prepaid insurance 1325 Unearned service revenue 5510 Depreciation expense 670 Salaries and wages expense 1270 Accum. depreciation 1360 Common stock 540 Retained earnings 590

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.)