IThe following information applies to the questions displayed below.j 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 $765,000 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 Estimated Overhead Expected Activity cost Pool Activity Measure Activity Cost Machining Machine-hours 231,000 11,000 MHs 180,000 Machine setups Number of setups 300 setups Product design Number of products 94,000 2 products General factory Direct labor-hours 260,000 13, 200 DLHs Product YProduct Activity Measure t Machine-hours 8,000 3,000 Number of setups 60 240 Number of products Direct labor-hours 7,000 6, 200 equired: What is the company's plantwide overhead rate? (Round your answer to 2 decimal places.) Plantwide overhead rate per DLH