EcoFabrics has budgeted overhead costs of $1,115,100. It has allocated overhead on a plantwide basis to its two products (wool and cotton) using direct labor hours which are estimated to be 531,000 for the current year. The company has decided to experiment with activity-based costing and has created two activity cost pools and related activity cost drivers. These two cost pools are cutting (cost driver is machine hours) and design (cost driver is number of setups). Overhead allocated to the cutting cost pool is $424,800 and $690,300 is allocated to the design cost pool. Additional information related to these pools is as follows. Machine hours Number of setups Wool 118,000 1,180 Cotton 118,000 Total 236,000 1,770 590 Calculate the overhead rate using activity based costing. (Round answers to 2 decimal places, eg- 12.25.) Overhead rates for activity-based costing Cutting $ per machine hour Design $ per setup