At a price of $5.00 per doll, most stores cannot keep Beanie Baby dolls in stock because consumers buy them all as soon as shipments arrive. This implies that there a) is an excess supply of Beanie Babies, and the price must fall for equilibrium to be reached
b) will be a downward shift in the demand curve for Beanie Babies
c) is an excess demand for Beanie Babies, and the price must rise for equilibrium to be reached
d) is an excess demand for Beanie Babies, and the price must rise for equilibrium to be reached
e) is an excess demand for Beanie Babies, and the price must fall for equilibrium to be reached

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.)