Greenwood Company manufactures two products-15,000 units of Product Y and 7,000 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 Coat Pool Machining Machine setups Production design General factory Activity Measure Machining Number of setups Number of products Direct labor-hours Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Cost Product Y Product 2 7,400 3,600 60 80 1 1 7,400 2,600 Expected Activity 11,000 Mile 140 setups $213,400 $ 61,600 $ 78,000 $244,000 2 products 10,000 b 3. What is the activity rate for the Machining activity cost pool? (Round your answer to 2 decimal places.) Activity rate : per MH