Lily, Inc. produces two types of gas grills: a family model and a deluxe model. Lily's controller has decided to use a plantwide overhead rate based on direct labor costs. The president of the company recently heard of activity$-$based costing and wants to see how the results would differ if this system were used. Two activity cost pools were developed: machining and machine setup. Presented below is information related to the company's operations:

Total estimated overhead costs are $\backslash (\backslash$$ $430,200\backslash ).$ Overhead cost allocated to the machining activity cost pool is $\backslash (\backslash$$ $258,120\backslash )$ and $\backslash (\backslash$$ $172,080\backslash )$ is allocated to the machine setup activity cost pool.

$($a$)$

Compute the overhead rate using the traditional $($plantwide$)$ approach. $($Round answer to $2$ decimal places, e$.$g$.15\mathrm{.}25.)$

Overhead rate $\backslash (\backslash$$ $\backslash )$

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