The Foundational 15 [LO7-1, LO7-3, LO7-4] [The following information applies to the questions displayed below. Hickory Company manufactures two products-14,000 units of Product Y and 6,000 units of Product Z. The company uses a plantwide overhead rate based on direct labor-hours. It is considering implementing an activity-based costing (ABC) system that allocates all $791,400 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: Estimated Overhead Expected Activity Activity Cost Pool Machining Machine setups Product desigr General factory Activity Measure Machine-hours Number of setups Number of products 87,000 Direct labor-hours 379,500 12,000 DLHs Cost $ 203,000 10,000 MHs 121,900 230 setups 2 products Activity Measure Product YProduct z Machine-hours Number of setups Number of products Direct labor-hours 7,300 50 2,700 180 9,500 2,500 1. What is the company's plantwide overhead rate? (Round your answer to 2 decimal places.) Plantwide overhead rate per DLH 3. What is the activity rate for the Machining activity cost pool? (Round your answer to 2 decimal places.) Activity rate per MH 5. What is the activity rate for the Product Design activity cost pool? Activity rate per product 7. Which of the four activities is a batch-level activity? Machine setups activity Machining activity General factory activity Product design activity