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Apply the appropriate mathematical operation to solve this occupation related problem.

Labor rate = $8.75 per hour.
Hours worked = 16
Total price of services = $224
Overhead rate =______%

2007-05-18 06:12:40 · 2 answers · asked by Anonymous in Science & Mathematics Mathematics

2 answers

Labor rate = 8.75 dollars per hour.
Hours worked = 6

Direct cost of labor = 140 dollars

Total price of services = 224 dollars

Therefore, the overheads = 84 dollars which is

84 X 100 / 224 = 37.5%

2007-05-18 06:18:36 · answer #1 · answered by Swamy 7 · 0 1

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2016-12-11 13:12:22 · answer #2 · answered by kobayashi 4 · 0 0

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