Hickory 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 labour-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: (The total estimated overhead cost may not agree with the sum of allocated overhead costs to each product.) Activity Cost Pool Machining Machine setups Production design General factory Activity Measure Machining Number of setups Number of products Direct labour-hours Activity Measure Machine-hours Number of setups Number of products Direct labour-hours Predetermined overhead rate Product Y Product Z 7,500 40 4,500 210 1 1 8,500 5,500 Estimated Overhead Cost Expected Activity 12,000 MHS 250 setups 2 products 14,000 DLHs Required: What is the company's plantwide overhead rate? (Round your answer to 2 decimal places.) per DLH $246,000 $137,500 $ 89,000 $357,000

Hickory 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 diect labour 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 : (The total estimated overhead cost may not agree with the sum of allocated overheed costs to each product.) Required: What is the company's plantwide overhead rate? (Round your answer to 2 decimal ploces.)