Flu vaccine production requires a lead time of about 6 months. Consider the start of the 21st century when 95 million doses were produced for the 2002-2003 season (US). Unfortunately, 12 million doses were not used and had to be destroyed (a vaccine is good only for one season). Back then, how would you decide how much vaccine to produce for 2003-2004? (please explain and show work)

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.)