compute the overhead rate using the traditional (plantwide) approach

Lily, Inc produces two types of gas grills: a family model and a deluse model. Lily's controlier has decided to use a plantwide overhead rate based on direct labor costs. The president of the company recently heard of activity-based costing and wants to see how the results would differ if this system were used. Two activity cost pools were developed machining and machine setup. Presented below is intormation related to the company's operations: Total estimated overhead costs are $455,400. Overhead cost allocated to the machining activity cost pool is $273,240 and $182,160 is allocated to the machine setup activity cost pool. (a) Compute the overhead rate using the traditional (olintwide) approach (Round anwer to 2 decind ploces, es, 15.25 ) Overhesdrate