Hickory Company manufactures two products--13,000 units of Product Y and 5,000 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 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: (The total estimated overhead cost may not agree with the sum of allocated overhead costs to each product.) Estimated Overhead Activity Cost Pool Activity Measure Cost Expected Activity Machining Machine-hours 12.000 MHS Machine setups 73,600 Number of setups $ 160 setups 80,000 Production design Number of products $ 2 products General factory Direct labor-hours $295,200 12.000 DLHS $ 235,200 Activity Measure Machining Number of setups Number of products Direct labor hours Product Product Z 6,600 5.400 40 120 7,600 4,400 Required: What is the activity rate for the Machining activity cost pool? (Round your answer to 2 decimal places.) Activity rate per MH