When dalemend inc. started manufacturing gaming consoles, it had difficulties with performance growth. over time, the consoles began performing well, and the company's growth rate became rapid. however, after this period of rapid growth, the performance growth rate began to drop again. in the context of technology cycles, this scenario best illustrates

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.)