3 Part 3 of 10 0.66 points Required information Foundational (L04-1, L04-2, L04-3, L04-4) Greenwood Company manufactures two products-13,000 units of Product Y and 5,000 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 2: Estimated Overhead Expected Activity Cost Pool Activity Measure Cost Activity Machining Machine-hours $ 249,600 12,000 M Machine setups Number of setupa $ 162,400 280 setups Production design Number of products $ 92,000 2 products General factory Direct labor-hours $ 309,600 12,000 Lt eBook References Netivity Measure Machining Number of setups Number of products Direct labor-hours Product Y 8,800 40 1 8.800 Product 3,200 240 1 3.200 Foundational 4-3 3. What is the activity rate for the Machining activity cost pool? (Round your answer to 2 decimal places.) Activity rate per MH