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 800 4,300 3.400 $9.000 55,000 Dominator 250 2,500 2,600 $ 3,750 37,500 Total 1.050 6.800 6,000 $ 12,750 92.500 214,40 $319,600 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