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 1,050 3,800 2,200 $ 9,600 73,680 Dominator 450 2,900 1,200 $ 3,750 37,700 Total 1,500 6,700 3,400 $ 13,350 111,300 115,532 $240,182 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