Which of the following statements is true of franchisors?
1. franchisors are often from manufacturing industries.
2. franchisors usually risk a huge capital when expanding abroad.
3. franchisors may suffer a loss of control over how their technology and brand names are used.
4. franchisors can operate only in their home country and cannot enter international markets.

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.)