Bark Mode is considering switching to an Activity Based Costing (ABC) approach to budgeting. It has identified three cost pools. Budgeted cost and activity for each of its three activity cost pools are shown below.

The company plans to produce and sell 120,000 standard units and 80,000 deluxe units.

Budgeted Activity
Activity Cost Pool	Activity Driver	Budgeted Cost	Standard	Deluxe
Packaging	Finished goods	$100,000	120,000 finished units	80,000 finished units
Material handling	Total parts	$ 50,000	600,000 total parts	650,000 total parts
Production setups	Total setups	$120,000	6 total setups	14 total setups

Calculate the activity cost pool overhead rate for the Packaging activity cost pool. Specify to 2 decimal pts. (dollars and cents).