Prince Company manufactures two products14,000 units of Product M and 6,000 units of Product N. 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 of its manufacturing overhead to four cost pools. The following additional information is available for the company as a whole and for Products M and N: Activity Cost Activity Cost Estimated Expected Pool Driver Total MOH Activity Machine hrs Machining $200,000 10,000 Mhrs (Mhrs) Number of Setups $100,000 200 setups setups Product Number of $84,000 2 products Design products General Direct Labor Hours (Dlh) $300,000 Factory 12,000 Dihs 1. What is the company's plantwide overhead rate? 2. Using the plantwide overhead rate, how much manufacturing overhead cost is allocated to Product M? How much is allocated to Product N? 3. What is the activity rate for the Machining activity cost pool? 4. What is the activity rate for the Machine Setups activity cost pool