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 1,000 4,500 3,000 $10,000 64,500 Units produced Machine-hours Direct labor-hours Direct materials costs Direct labor costs Manufacturing overhead costs Total costs Dominator 250 2,500 2,000 $3,750 35,500 Total 1,250 7,000 5,000 100,000 175,000 $288,750 Required: Compute the predetermined overhead rate assuming that Tiger Furnishings uses direct labor costs to allocate overhead costs. Predetermined overhead rate % of direct labor cost