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 Basic 1,200 Dominator 400 Total 1,600 Machine-hours 4,700 2,800 7,500 Direct labor-hours 3,400 2,800 6,200 Direct materials costs $ 9,600 $ 3,400 $ 13,000 Direct labor costs 57,700 34,900 92,600 Manufacturing overhead costs 218,302 Total costs $323,902 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