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 1,150 3,800 2,700 $ 9,300 56,300 Dominator 500 1,700 2,900 $ 3,550 35, 100 Total 1,650 5,500 5,600 $ 12,850 91,400 191,240 $295,490 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