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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 1,000 450 1,450
Machine-hours 4,700 2,400 7,100
Direct labor-hours 2,600 2,000 4,600
Direct materials costs $ 11,700 $ 3,550 $ 15,250
Direct labor costs 63,900 33,100 97,000
Manufacturing overhead costs 158,700
Total costs $ 270,950

Required:

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

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