Greenwood Company manufactures two products-15,000 units of Product Y and 7,000 units of Product 2. 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 setupe Production design General Factory Activity Measure Machining Number of setups Number of products Direct labor-boura Activity Measure Machine-hours Number of stup Number of products Direct labor-hours Estinated Overhead Coat $ 213,400 461,400 $70,000 $244,000 Product Y Product E 7,400 40 1 7,400 3,600 80 1 2,600 Expected Activity 11,000 M 140 stop 2 products 10,000 3. What is the activity rate for the Machining activity cost pool? (Round your answer to 2 decimal places) 4. What is the activity rate for the Machine Setups activity cost pool?