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
|
|
850
|
|
|
400
|
|
|
1,250
|
|
|
Machine-hours
|
|
3,700
|
|
|
1,100
|
|
|
4,800
|
|
|
Direct labor-hours
|
|
3,700
|
|
|
3,000
|
|
|
6,700
|
|
|
Direct materials costs
|
$
|
9,100
|
|
$
|
3,600
|
|
$
|
12,700
|
|
|
Direct labor costs
|
|
66,700
|
|
|
33,000
|
|
|
99,700
|
|
|
Manufacturing overhead costs
|
|
|
|
|
|
|
|
237,247
|
|
|
Total costs
|
|
|
|
|
|
|
$
|
349,647
|
|
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.)
NOTE: The answer should be % of direct labor cost, not a price.