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7. Tiger Furnishings produces two models of cabinets for home theater components, the Basic and...

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Accounting

7. 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 800 450 1,250
Machine-hours 3,100 2,300 5,400
Direct labor-hours 2,000 1,000 3,000
Direct materials costs $ 10,200 $ 4,250 $ 14,450
Direct labor costs 58,400 31,100 89,500
Manufacturing overhead costs 103,410
Total costs $ 207,360

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.) %

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