Required Information Greenwood Company manufactures two products-15,000 units of Product Y and 7,000 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 Number of products Direct labor-hours Plantwide overhead rate Product Y 8,700 60 1 8,700 Estimated Overhead Cost $ 227,700 $ 153,900 $ 91,000 $ 257,000 Product Z 2,300 210 1 1,300 per DLH Expected Activity 11,000 MHS 270 setups 2 products Required: 1. What is the company's plantwide overhead rate? (Round your answer to 2 decimal places.) 10,000 DLHS

Greenwood Company manufactures two products-15,000 units of Product Y and 7,000 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 avallable for the company as a whole and for Products Y and Z : Required: What is the company's plantwide overhead rate? (Round your onswer to 2 decimal ploces.)