Pfister Company produces cylinders and uses duration-based costing. The following information is provided: Hours for activities: Product Setups Welding Machining Inspecting Total Hours Y 150 12,000 15,500 1,000 28,650 350 8,500 18,600 1,200 28,650 Total cost for activities: Setups Welding Machining Inspecting Total Cost $9,000 $45,000 $57,500 $21,000 $132,500 What is the overhead rate for Product Z? $0.43/hour O $2.31/hour O $0.22/hour O $4.62/hour