Exercise 6-40 (Algo) Predetermined Overhead Rates (LO 6-4) Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow: Units produced Basic 1,050 Dominator 350 Total 1,400 Machine-hours 4,400 2,400 6,800 Direct labor-hours 3,200 1,200 4,400 Direct materials costs $10,900 $ 3,350 $ 14,250 Direct labor costs 69,800 37,900 107,700 Manufacturing overhead costs 149,072 Total costs $271,022 Required: Compute the predetermined overhead rate assuming that Tiger Furnishings uses direct labor costs to allocate overhead costs. (Round your answer to 2 decimal places.) Predetermined overhead rate % of direct labor cost