Sunland inc. has two types of handbags: standard and custom. The controller has decided to use a plantwide overhead rate based on directlabor costs. The president has 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 (machine hours) and machine setup (number of setups). The total estimated machine hours is 2.400, and the total es imated number of setups is 500 . Presented belowis information related to the company's operations. Total estimated overhead costs are $291,000. Overhead cost allocated to the m3chining activity cost pool is $192,000, and $99,000 is allocated to the machine setup activity cost pool. () ) Compute the overhesd rate using the traditional (plantwide) approach information related to each product's use of cost drivers. (Round answer to O decimal ploces es. 12). Prodatarmined orerhad late