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 Dominator Total Units produced 800 450 1,250 Machine-hours 4,500 1,500 6,300 Direct labor-hours 3,700 2,800 6,500 Direct materials costs $ 8,400 $ 3,750 $ 12,150 Direct labor costs 54,800 36,800 91,600 Manufacturing overhead costs 220,025 Total costs $323,775 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