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 $$597,000$ 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.