The Stationery Company purchased merchandise on account from a supplier for $13,000, terms 1/10, n/30. The Stationery Company returned merchandise with an invoice amount of $1,600 and received full credit. a. If The Stationery Company pays the invoice within the discount period, what is the amount of cash required for the payment? $fill in the blank 1 b. Under a perpetual inventory system, what account is credited by The Stationery Company to record the return?

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.)