110 Required information [The following information applies to the questions displayed below.] Hickory Company manufactures two products-15,000 units of Product Y and 7,000 units of Product 2. 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 $696,000 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 Cost Pool Machining Machine setups Product design General factory Activity Measure Machine-hours Number of setups Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Product Y Product z 7,400 60 3,600 1801 Number of products 1 1 Direct labor-hours 8,400 4,800 Cost $224,400 $ 129,600 $ 88,000 $254,000 Expected Activity 11,000 MH 240 setups 2 products 13,200 DLH 4. What is the activity rate for the Machine Setups activity cost pool? Activity rate per setup