Required information Foundational (Algo) (LO4-1, LO4-2, LO4-3, L04-4) Greenwood 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 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 Activity Cost Pool Activity Measure Overhead Cost Expected Activity Machining Machine-hours $206,000 10,000 MHS Machine setups Number of setups $ 145,600 260 setups Production design Number of products $ 90,000 2 products General factory Direct labor-hours $ 307,200 12,800 DLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y Product z 8,600 1,400 50 21e 1 1 8,600 3,400 Foundational 4-1 (Algo) es Foundational 4-1 (Algo) Required: 1. What is the company's plantwide overhead rate? (Round your answer to 2 decimal places.) Plantwide overhead rate per DLH C Foundational 4-2 (Algo) 2. Using the plantwide overhead rate, how much manufacturing overhead cost is allocated to Product Y and Product Z? (Round your intermediate calculations to 2 decimal places. Round your answers to the nearest dollar amount.) Product Y Product z Manufacturing overhead allocated 3. What is the activity rate for the Machining activity cost pool? (Round your answer to 2 decimal places.) Activity rate per MH 4. What is the activity rate for the Machine Setups activity cost pool? Activity rate per setup