Sheffield, Inc. produces two types of gas grills: a family model and a deluxe model. Sheffield's controller has decided to use a plantwide overhead rate based on direct labor costs. The president of the company recently heard of activity-based costing and wants to see how the results would differ if this system were used. Two activity cost pools were developed: machining and machine setup Presented below is information related to the company's operations: Family Model Deluxe Model $ 74,100 $ 148,200 Direct labor costs Machine hours Setup hours 2,000 2.000 200 800 Total estimated overhead costs are $ 444,600. Overhead cost allocated to the machining activity cost pool is $ 266,760 and $ 177,840 is allocated to the machine setup activity cost pool (a) Compute the overhead rate using the traditional (plantwide) approach. (Round answer to 2 decimal places, eg. 15.25.) Overhead rate $