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 800 4,100 3,100 $ 9,100 56,700 Dominator 350 2,900 2,900 $ 4,150 36,900 Total 1.150 7.000 6,000 $ 13,250 93,600 211,380 $318,230 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