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The Foundational 15(Algo)[LO7-1, L07-3, LO7-4] [The following information applies to the questions displayed...

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Accounting

The Foundational 15(Algo)[LO7-1, L07-3, LO7-4]
[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.
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