! Required information [The following information applies to the questions displayed below.) Hickory Company manufactures two products13,000 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 $745,200 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 Activity Measure Machining Machine-hours Machine setups Number of setups Number of Product design products Direct labor- General factory hours Estimated Overhead Cost 242,400 $ 114,400 $ 86,000 Expected Activity 12,000 MHS 220 setups 2 products $ 302,400 14,400 DLHS Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Product Y Product z 7,200 4,800 40 180 1 8, 200 6,200 Required: 1. What is the company's plantwide overhead rate? (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Plantwide overhead rate $ 520.00 per DLH