Hickory Company manufactures two products-14,000 units of Product Y and 6,000 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 $684,000 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 Product design General factory Activity Measure Machine-hours Number of setups Number of products Direct labor-hours 12,000 DLHS Estimated Overhead Cost $ 200,000 Expected Activity 10,000 MHS $ 100,000 200 setups $ 84,000 $ 300,000 2 products Product Z 3,000 150 Number of products 1 1 Direct labor-hours 8,000 4,000 Activity Measure Machine-hours Number of setups Product Y 7,000 50 Required: 1. What is the company's plantwide overhead rate?