Last year, you purchased land to build a retail store. you paid $20 million for the land. another business has now offered $8 million for the land and that is the highest price your business should now be able to get for the land. which of the following costs is relevant for your decision as to whether or not you should build a new retail store? a. $8 millionb. $12 millionc. $20 milliond. $28 million

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.)