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 4,700 2,400 $ 8,500 61,400 Dominator 350 2.200 1,800 $ 3,700 30,800 Total 1,400 6,900 4,200 $ 12,200 92,200 144.606 $249,006 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