Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow: Total Units produced Machine-hours Direct labor-hours Direct materials costs Direct labor costs Manufacturing overhead cost 950 3,100 2,400 $ 8,700 58,100 Basic Dominator 400 2,300 2,800 1,350 5,400 5,200 3,300 $ 12,000 95,100 185,328 $292,428 37,000 Total costs 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