Hickory 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 $765,000 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 Estimated Expected Overhead Activity Cost Pool Activity Measure Activity Cost Machining Machine-hours 231,000 11,000 MHs 180,000 Machine setups Number of setups 300 setups 2 products Product design Number of products 94,000 General factory Direct labor-hours 260,000 13, 200 DLHs Activity Measure Product Y Product Z Machine-hours 8,000 3,000 Number of setups 240 60 Number of products Direct labor-hours 7,000 6,200 What is the activity rate for the Machining activity cost pool? (Round your answer to 2 decimal places.) tivity rate per MH