Required information [The following information applies to the questions displayed below

Required information [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 $732,100 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 Activity Cost Activity Overhead Expected Pool Measure Cost Activity Machine- Machining hours $209,000 10,000 MHs Machine Number of $171, 100 290 setups setups setups Product Number of $ 93,000 2 products design products General Direct $259,000 12,000 DLHs factory labor-hours Activity Product Product Measure Y Z Machine-hours 7,900 2,100 Number of 50 240 setups Number of 1 1 products Direct labor- hours 8,900 3,100 Required: 1. What is the company's plantwide overhead rate? (Round your answer to 2 decimal places.) per Plantwide overhead rate DLH