Required information [The following information applies to the questions displayed below.) Hickory Company manufactures two products-13,000 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 $813,600 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 Estimated Overhead Activity Cost Pool Activity Measure Cost Expected Activity Machining Machine-hours $ 249,600 12,00 MHS Machine setups Number of setups $ 162,400 280 setups Product design Number of products $ 92, eee 2 products General factory Direct labor-hours $ 389,600 14,408 DLHs Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Product Y 7,8ee 40 1 8,800 Product z 4,200 240 1 5,600 Required: 1 What is the company's plantwide overhead rate? (Round your answer to 2 decimal places.) Plantwido overhead rato per DLH