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 1,200 3,600 $11,500 73,900 Dominator 300 2,800 2,900 $3,400 31,500 Total 1,450 7,000 6,500 $ 14,900 105,400 226,915 $347,215 Required: Compute the predetermined overhead rate assuming that Tiger Furnishings uses direct labor costs to allocate overhead costs (Round your onswer to 2 decimal places.) Pludmined overhead rate % of direct labor cost