! Required information Greenwood Company manufactures two products13,000 units of Product Y and 5,000 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 Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Cost $ 238,800 $ 93,100 $ 83,000 $ 373,500 Expected Activity 12,000 MHS 190 setups 2 products 15,000 DLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y 7,900 40 1 7,900 Product z 4,100 150 1 7,100 Required: 1. What is the company's plantwide overhead rate? (Round your answer to 2 decimal places.) Predetermined overhead rate $ 52.50 per DLH