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 85e Units produced Machine-hours Direct labor-hours Direct materials costs Direct labor costs Manufacturing overhead costs Total costs 3,000 2, eee $10,3ee 61,900 Dominator 25e 2,902 1,400 $ 3,3e2 34,500 Total 1,100 5,980 3,400 $ 13,600 96,480 119,646 $229,646 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