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 Machine-hours Direct labor-hours Direct materials costs Direct labor costs Manufacturing overhead costs Total costs Basic 1,050 3,900 2,900 $ 9,300 66,000 Dominator 450 2,300 2,700 $ 4,200 30,600 Total 1,500 6,200 5,600 $ 13,500 96,600 198,856 $308,956 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.) X Answer is complete but not entirely correct. Predetermined overhead rate 17.25 % of direct labor cost