Swifty, Inc. produces two types of gas grills: a family model and a deluxe model. Swifty'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 Direct labor costs Machine hours Setup hours Family Model Deluxe Model $71.400 $ 142800 2.000 2,000 200 300 Total estimated overhead costs are $ 428,400. Overhead cost allocated to the machining activity cost pool is $ 257,040 and $ 171,360 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, es 15.25.) Overhead rate