Use the data in the following table to explain the economic effects of a price ceiling at $6, at $5, and at $4. 
Definitions:
Plantwide Predetermined
A single predetermined overhead rate that is applied throughout an entire plant or manufacturing facility.
Machine-Hours
A measure of the amount of time that a machine is operated, used as a basis for allocating manufacturing overhead costs in traditional costing systems.
Manufacturing Departments
Divisions within a manufacturing facility, each specializing in different aspects of the production process.
Job-Order Costing System
A costing method that accumulates manufacturing costs separately for each job.
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