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 1,200 3,300 3,000 $ 8,200 55,600 Dominator 450 2,100 1,100 $ 4,050 34,700 Total 1,650 5,400 4,100 $ 12,250 90,300 141,901 $244,451 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 34.61% of direct labor cost