[The following Information applies to the questions displayed below] Hickory Company manufactures two products-15,000 units of Product Y and 7,000 units of Product Z. The company uses a plantwide overhead rate based on direct labour-hours. It is considering implementing an activity-based costing (ABC) system that allocates all 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 Machining Machine setups Produce design General Factory Activity Measure Mechine-hours Number of setups Nusher of products Direct labour-hours Estivated Overhead Cost $224,400 $129,680 $ 83,000 $254,800 Expected Activity 11,000 MH 249 setups 2 products 13,280 OLHS Activity Measure Macane hour Nawber of xet.ps Number of products Direct labour-hours Product Y 7,493 60 1 Product 7 3,688 1800 8,498 4,908 Required: What is the company's plantwide overhead rate? (Round your answer to 2 decims! pisces.) Plemined overhead te per OLH