01:20:15 Book Print ferences Foundational (Algo) (LO4-1, LO4-2, LO4-3, LO4-4] Greenwood Company manufactures two products-14,000 units of Product Y and 6,000 units of Product Z. The company uses a plantwide overhead rate based on direct labor-hours. It is considering implementing an activity-based costing (ABC) system that allocates all of its manufacturing overhead to four cost pools. The following additional information is available for the company as a whole and for Products Y and Z: Activity Coat Pool Machining Machine setups Production design General factory Activity Measure Machining Number of setups Number of products Direct labor-hours Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Cost Product Y Product 2 8,900 1,100 50 1 8.900 240 1,100 $209,000 $171,100 $93,000 $ 259,000 Expected Activity: 10,000 Mits 290 setupe 2 products 10,000 D Foundational 4-1 (Algo) Required: 1. What is the company's plantwide overhead rate? (Round your answer to 2 decimal places.) Plantwide overhead rate $ 61.01 per DLH