Smithson, Inc. produces two types of gas grills: a family model and a deluxe model. Smithson'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 Direct labor costs$71,100 Machine hours Setup hours Deluxe Model $142,200 2,000 800 2,000 200 Total estimated overhead costs are $426,600. Overhead cost allocated to the machining activity cost pool is $255,960 and $170,640 is allocated to the machine setup activity cost pool. (a) Your answer is correct. Compute the overhead rate using the traditional (plantwide) approach. (Round answer to 2 decimal places, e.g. 15.25.) Overhead rate 2 Click if you would like to Show Work for this question: Open Show Work