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babymother [125]
3 years ago
11

If a worker earns $50 per hour in salary but the project is charged $75 per hour for each hour the individual works, then the ov

erhead rate is
Business
2 answers:
vredina [299]3 years ago
5 0
Overhead rate is calculated by dividing the overhead cost by the direct cost over a similar period of measurement. In our case, the basis is per hour. The overhead cost is the rough estimate of the cost made through the proper reference to the historical data for old establishments and projections for the new ones. This can be expressed as,
    overhead rate = (overhead cost / direct cost) x 100%

Substituting the known values,
   overhead rate = ($75 / $50) x 100%
   overhead rate = 150%

<em>ANSWER: overhead rate = 150% </em>
Rom4ik [11]3 years ago
4 0

The overhead rate is 150%.

Further Explanation:

Overhead: It refers to the costs required in running a business, but cannot be attributed to directly to any specific activity of the business. For example advertising, interest, supplies, travel expenditures, utilities accounting fees, taxes, insurance, repairs,telephone bills, legal fees, rent, and labor burden.

Overhead rate: It is the total indirect cost incurred in a specific time period according to the allocation criteria. The allocation measures are like machine time, square footage direct labor and hours.  

The overhead can be calculated as:

\text{Overhead rate}=\dfrac{\text{Overhead cost}}{\text{Direct cost}}\times100

Calculate the overhead rate:

<u>\begin{aligned}\text{Overhead rate}&=\dfrac{\text{Overhead cost}}{\text{Direct cost}}\times100\\&=\dfrac{\$75}{\$50}\times100\\&=150\%\end{aligned}</u>

<u>Therefore, the overhead rate is 150%.</u>

<u />

Learn more:

1. Learn more about the goal of the budget

brainly.com/question/1226004

2.      Learn more about the profit margins

brainly.com/question/10218300

3.      Learn more about the large expenditure

brainly.com/question/7744644

Answer details:

Grade: High School

Subject: Cost Accounting

Chapter: Overheads

Keywords: worker, $50 per hour, the project is charged $75 per hour, for each hour the individual works, the overhead rate, Overhead rate, Cost Accounting, Overhead cost, direct cost, costing, variable cost, fixed cost, total cost, overhead cost, indirect cost, cost of the product, wages, expenses, costing, profit, loss.

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If the team leader learns that organizational superiors are unaware of the team’s successes, the leader might initiate an "FYI"
ad-work [718]

Answer:

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8 0
2 years ago
A small open economy with a fixed exchange rate e2 is initially at equilibrium A with LM*1 and equilibrium output Y1. If there i
anastassius [24]

If there is an increase in government spending, the new equilibrium will be at <u>B</u> holding everything else constant.

<h3>What is government spending?</h3>

Government spending can be the defined as the money spent on goods and service or money spent by government to provide services to the public.

An increase in government spending will tend to lead to increase the demand of goods and service which inturn means that consumption expenditure will as well increase.

Inconclusion the new equilibrium will be at <u>B</u> holding everything else constant.

Learn more about Government spending here:brainly.com/question/27232573

6 0
2 years ago
On October 31, 20X5, West Company received a condemnation award of $450,000 as compensation for the forced sale of a warehouse.
Luba_88 [7]

Answer:

$175,000

Explanation:

Calculation to determine West should report on its income statement for the year ended December 31, 20X5, a gain on condemnation of property of

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6 0
2 years ago
Which of the statements below is​ FALSE?
Alecsey [184]

Answer:

C. The standard of one vote for each share cannot be altered.

Explanation:

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Common share holders are entitled to voting in of new board members and also have the ability to vote for changes in bylaws of the company.

Also common shareholders are shares have different classes with different voting rights.

However it is not true that the standard of one vote for each share cannot be altered.

When more shares are issued by a company it can result in dilution of shares. That means for example if a person has 10,000 shares in a company with 1 million shares, and the company now issues an extra 1 million shares making 2 million in total now.

The shareholder's standard of vote for each share is now halved

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2 years ago
What information is important when choosing a healthcare plan?
Nataliya [291]
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I hope it helped you!
8 0
3 years ago
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