fis Required information Foundational (Algo) [LO4-1, LO4-2, LO4-3, LO4-4] 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 Z Activity Cost Pool Machining Machine setups Production design General factory Activity Measure Machining Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Overhead Cost $235,200 $ 73,600 Expected Activity. 12,000 M 160 setups 500,000 2 products $295,200 12,000 OLHS Product Y Product 7 ces 7,600 4,400 Number of setups 40 120 Number of products 1 1 Direct labor-hours 7,600 4,400 Foundational 4-1 (Algo) Required: 1 What is the company's plantwide overhead rate? (Round your answer to 2 decimal places.) Plantwide overhead cale per DLH