Greenwood Company manufactures two products13,000 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	Activity Measure	Estimated Overhead Cost		Expected Activity
Machining	Machine-hours	$	228,000	12,000	MHs
Machine setups	Number of setups	$	40,000	100	setups
Production design	Number of products	$	74,000	2	products
General factory	Direct labor-hours	$	288,000	12,000	DLHs

Activity Measure	Product Y	Product Z
Machining	6,000	6,000
Number of setups	40	60
Number of products	1	1
Direct labor-hours	7,000	5,000

1.	What is the companys plantwide overhead rate? (Round your answer to 2 decimal places.)