What is the activity rate of the Machining activity cost pool?

Required information 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 labor-hours. It is considering implementing an activity-based costing (ABC) system that allocates all $696,000 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: Activity Cost Pool Machining Machine setups Product design General factory Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Cost $ 224,400 $ 129,600 $ 88,000 $ 254,000 Expected Activity 11,000 MHs 240 setups 2 producto 13,200 DLS Activity Measure Machine-hours Number of setup Number of products Direct labor-hours Product Y 7,400 60 1 8,400 Product 2 3,600 180 1 4,800 3. What is the activity rate for the Machining activity cost pool? (Round your answer to 2 decimal places.) Activity rato per MH