3 3 pts Wax Inc. manufactures two products ZZ1 and ZZ2. Current direct material and direct labor costs are detailed below. Next year the company wishes to use a plantwide overhead rate with direct labor hours as its allocation base. Next year's overhead is budgeted to be $ 552,400. The direct labor and direct materials costs are budgeted to be consistent with the current year. The company expects to manufacture 32,000 units of ZZ1 and 116,000 units of ZZ2 next year. DM per Unit ZZ1 $ 38.20 ZZ2 $ 26.30 DL Dollars per Unit $19.00 $16.20 Compute the plantwide overhead rate for next year using direct labor dollars for the estimated activity base. (Round the final answer to the nearest 2 decimal places. Le 20.672 would be 20.67 or 2.4555 would be 2.46)