What Was the Companys Plantwide Predetermined Overhead Rate?

The company's plantwide predetermined overhead rate was $10 per machine hour. This rate was used to allocate overhead costs to all products produced by the company. The company's products ranged in complexity, with some requiring more machine hours to produce than others. The use of a plantwide overhead rate meant that all products were allocated the same overhead costs, regardless of the actual overhead costs incurred to produce them. This often led to products being over- or under-costed, depending on the actual overhead costs incurred.

The company can improve its plantwide overhead rate by improving its production processes and operations. It can also invest in new technologies and equipment that will help it to improve its production efficiency. In addition, the company can also focus on reducing its wastage and improving its utilization of resources. Finally, the company can also develop better management practices that will help it to better control and utilize its resources.