The Foundational $15($Algo$)[$LO$7-1,$ L$07-3,$ LO$7-4]$

$[$The following information applies to the questions displayed below.$]$

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 $$788,400$ 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:

Foundational $7-3($Algo$)$

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

Note: Round your answer to $2$ decimal places.