Required information Foundational (Algo) [LO4-1, LO4-2, LO4-3, LO4-4] 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 Activity Cost Pool Machining Machine setups Production design General factory Activity Measure Machining Number of setups Number of products Direct labor-hours Activity Measure Machine-hours Number of setups Estimated Overhead Cost $ 198,000 Expected Activity 10,000 MHs 180 setups 2 products Number of products Direct labor-hours $ 86,400 $82,000 $ 248,000 10,000 DLHS Product Y Product Z 7,800 50 2,200 130 1 7,800 1 2,200 Foundational 4-1 (Algo) Required: 1. What is the company's plantwide overhead rate? (Round your answer to 2 decimal places.) Plantwide overhead rate Toer DLH 9 Prev 2 3 13 of 13 Next >