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 500 2,800 1,200 $ 3,900 32,900 Total Units produced Machine-hours 900 1,400 6,800 3,400 $ 12,200 100,400 116,110 4,000 2,200 $ 8,300 Direct labor-hours Direct materials costs Direct labor costs Manufacturing overhead costs 67,500 Total costs $228,710 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