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 Basic 1,050 Dominator 4,100. 400 1,500 Total 1,450 5,600 Direct labor-hours 2,800 2,700 5,500 Direct materials costs $11,900 $ 4,000 $ 15,900 Direct labor costs $5,900 36,700 92,600 Manufacturing overhead costs) 196,295 Total costs $304,795 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