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 $829.500 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 10 Estimated Overhead Activity Cost Pool Machining Machine setups Product design General factory Activity Measure Machine-hours Number of setups Number of products89,0e9 Direct labor-hours 357,000 14,400 DLHs Cost Expected Activit s 246,000 12,000 MHs S 137,500250 setups 2 products Activity Measure Machine- hours Number of setups Number of products Direct labor-hours Product Y Product z 7,500 40 4,500 210 8,500 5,900 Required: 1 What is the company's plantwide overhead rate? (Round your answer to 2 decimal places.) per DLH rate