Required information [The following information applies to the questions displayed below.] Hickory Company manufactures two products14,000 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 $586,500 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 Direct labor-hours Estimated Overhead Cost $ 195,000 $ 67,500 $ 79,000 $ 245,000 Expected Activity 10,000 MHS 150 setups 2 products 12,000 DLHs Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Product Y 6,500 50 1 7,500 Product z 3,500 100 1 4,500 Required: 1. What is the company's plantwide overhead rate? (Round your answer to 2 decimal places.) Plantwide overhead rate per DLH