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 3,600 2,300 $10,900 73,100 Dominator 400 2,000 2,000 $ 3,800 40,100 Total 1,600 5,600 4,300 $ 14,700 113,200 149,855 $277,755 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