Question: I am looking for the correct answer to this general accounting question with appropriate explanations. What is the company's plantwide overhead rate, if XYZ Company

I am looking for the correct answer to this general accounting question with appropriate explanations.

What is the company's plantwide overhead rate, if XYZ Company estimates the overhead cost for the next year to be $8,000,000 for indirect labour and $800,000 for factory depreciation? The company uses machine hours as its overhead allocation base. If 50,000 machine hours are planned for this next year, what is the company's plantwide overhead rate

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