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Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow: Basic

Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow:

Basic Dominator Total
Units produced 1,100 450 1,550
Machine-hours 3,700 1,800 5,500
Direct labor-hours 3,700 1,100 4,800
Direct materials costs $ 9,700 $ 3,300 $ 13,000
Direct labor costs 67,700 35,300 103,000
Manufacturing overhead costs 162,525
Total costs $ 278,525

Required:

Compute the predetermined overhead rate assuming that Tiger Furnishings uses machine-hours to allocate overhead costs. (Round your answer to 2 decimal places.)

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