International strategy refers to a(an) a. political and economic action plan developed by businesses and governments to cope with global competition. b. strategy through which the firm sells products in markets outside the firm's domestic market. c. strategy american firms use to dominate international markets. d. action plan pursued by american companies to compete against foreign companies operating in the united states.

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.)