Securities Group of answer choices a. Investment of money in a common enterprise with profits earned largely from the efforts of others. b. The federal law governing the initial issuance and sale of securities to the public. c. Federal process governing the tender offer process. d. Process at the state level of reviewing securities registrations to determine whether they are good investments.

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.)