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 Total 300 2,000 2,600 $8,500 3,300 11,800 32,400 Units produced 1,050 4,700 3,000 1,350 6,700 5,600 Direct labor-hours Direct materials costs Direct labor costs Manufacturing overhead costs 71,500 103,900 Total costs $307,556 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.) termined overhead rate % of direct labor cost