Question

Last month, a company had receipts totaling $3,700. The company had overhead costs of $444. What is the rate of overhead?

Answer 1

The rate of the over head is 12%

Answer 2

Answer: 0.12

Step-by-step explanation:

Given : Last month, a company had receipts totaling $3,700.

The company had overhead costs of $444.

Then , the rate of overhead is given by :-

$\text{Rate of overhead cost}=\dfrac{\text{Overhead cost }}{\text{Allocation measure for last month}}\\\\\Rightarrow\ \text{Rate of overhead cost}=\dfrac{444}{3700}\\\\=0.12$

Hence, the rate of overhead is 0.12