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 S 231,600 $ 55,900 $ 77.000 $ 364,500 Expected Activity 12,000 MHS 130 setups 2 products 15.000 DLR 30 Activity Measure Machining Number of setups Number of products Direct labor-hours Product Product 2 7,3003 4 ,700 40 90 11 7.300 7,700 3. What is the activity rate for the Machining activity cost pool? (Round your answer to 2 decimal places.) |