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-hour's Direct materials costs Direct labor costs Manufacturing overhead casts Total costs 1,000 3.900 2,400 $ 3.700 69,700 Dominator 500 2,900 2,600 $ 3,600 38,600 Total 1,500 6,500 5,000 $ 12.300 198,300 172,550 $293,150 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 overhand tato 34 51% of direct labor cost