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 Units produced Machine-hours Direct labor-hours Direct materials costs Direct labor costs Manufacturing overhead costs 400 2,500 2,900 $ 8,700 $ 3,550 31,200 900 3,000 3,900 1,300 5,500 6,800 12,250 95,800 229,976 $338,026 64,600 Total costs 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