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 1,100 Units produced Machine-hours Direct labor-hours Direct materials costs Direct labor costs Manufacturing overhead costs Total costs 3,800 2,700 $10,400 60, een Dominator 450 1,900 2,300 $ 3,600 38,40 Total 1,550 5,700 5,000 $ 14,000 98,400 172,480 $284,800 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.) Prodetermined overhead rate % of direct labor cost