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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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Al, walks in off the street, says the grounds could use some sprucing up, and offers to do it for $8 an hour. Management gives h
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Its best if you share details of a personal appointment when you need time off work. True False
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Which of the following are consistent with the efficient markets hypothesis? Check all that apply. You should spend several hour
denis23 [38]

Answer:

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A lender determines that a homebuyer can afford to borrow $220,000 on a mortgage loan. The lender requires an 85% loan-to-value
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Answer:

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