Required information [The following information applies to the questions displayed below.] Hickory Company manufactures two products-14,000 units of Product Y and 6,000 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 $748,800 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 Product design General factory Activity Measure Machine-hours Number of setups Number of products Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Product Y Product 2 7,600 2,400 50 1 210 1 3,400 Direct labor-hours 8,600 Expected Activity 10,000 MHs Estimated Overhead Cost $206,000 $ 145,600 260 setups $ 90,000 2 products $307,200 12,000 DLHS Required: 1. What is the company's plantwide overhead rate? (Round your answer to 2 decimal places.) Plantwide overhead rate per DLH