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 sperations and costs for March follow: Basic 900 4,50d Units produced Machine-hours Direct labor-hours Direct materials costs Direct labor costs Manufacturing overhead costs Total costs Dominator 350 1,300 2,300 $ 3,800 38,100 2,600 $10,500 68,600 Total 1,250 5,800 4,900 $ 14,300 106,700 166,061 $ 287,061 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