Required Information Greenwood Company manufactures two products-13,000 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 $ 231,600 $ 55,980 $ 77,000 $364,500 Expected Activity 12,000 MHs 130 setups 2 products 15,00 DLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product Y 7,300 40 2 7.300 Product z 4,700 90 1 7,700 Required: 1 What is the company's plantwide overhead rate? (Round your answer to 2 decimal places.) Predalemine overhead rate per DLH