Mondo Athletic Shoes has just come out with an all-terrain running shoe. The product manager for Mondo Plus, the company’s premium running shoe is anticipating the new shoe will cannibalize some of the sales of Mondo Plus. The company, however, is convinced that their overall profits will increase and showed the product manager the numbers. Assuming a 21% cannibalism rate, and using the data in the chart below, what is the TOTAL monthly contribution CHANGE in dollars after the introduction of the new shoe?

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.)