Required information

$[$The following information applies to the questions displayed below.$]$

Hickory 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 $$765,000$ 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 $Z$ :

Required:

What is the company's plantwide overhead rate?

Note: Round your answer to $2$ decimal places.