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: Activity Cost Pool Machining Machine stis Product des General factory Activity leasure Machine-hours Bumber of setups Kanber of products Direct labor-hours Estimated Overhead Cost Expected Activity $213.400 11.000 M $ 61,600 140 setups $ 78,000 2 product $244.000 13.200 DLR. Activity Near Machine-hour Bamber of setup Mamber of products Direct labor-bours Product T Product 2 6.400 4.600 60 BD 1 7.400 5.000 ! Required: 1. What is the company's plantwide overhead rate? (Round your answer to 2 decimal places.) Plantwide overhead rate per DLH