Germany has a higher natural rate of unemployment than the United States. This suggests that a Germany is at a higher point on its long-run Phillips curve and so has higher inflation than the United States. b Germany is at a lower point on its long-run Phillips curve and so has lower inflation than the United States. c Germany's Phillips curve is to the left of that of the United States, possibly because they have higher inflation. d Germany's Phillips curve is to the right of that of the United States, possibly because they have more generous unemployment compensation.

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.)