Operator's Overhead Percentage given Machining and Operating Rate Solution

STEP 0: Pre-Calculation Summary
Formula Used
Operator's Overhead Percentage = ((Machining and Operating Rate-(Depreciation Rate*(100+Machine Overhead Percentage)/100))*100/Wage Rate)-100
%Operator = ((M-(Mt*(100+%Machine)/100))*100/Wo)-100
This formula uses 5 Variables
Variables Used
Operator's Overhead Percentage - Operator's Overhead Percentage is the percentage of his Wage Rate spent indirectly on him, regardless of any revenue generated.
Machining and Operating Rate - Machining and Operating Rate is the money charged for processing on and operating machines per unit time, including overheads.
Depreciation Rate - Depreciation Rate is the rate at which the machine is depreciated across the estimated productive life of the machine.
Machine Overhead Percentage - Machine Overhead Percentage is the percentage of Capital spent on it, regardless of any work it performs.
Wage Rate - Wage Rate is defined as the worker's/operator's rate of pay.
STEP 1: Convert Input(s) to Base Unit
Machining and Operating Rate: 100 --> No Conversion Required
Depreciation Rate: 0.1 --> No Conversion Required
Machine Overhead Percentage: 75 --> No Conversion Required
Wage Rate: 70 --> No Conversion Required
STEP 2: Evaluate Formula
Substituting Input Values in Formula
%Operator = ((M-(Mt*(100+%Machine)/100))*100/Wo)-100 --> ((100-(0.1*(100+75)/100))*100/70)-100
Evaluating ... ...
%Operator = 42.6071428571429
STEP 3: Convert Result to Output's Unit
42.6071428571429 --> No Conversion Required
FINAL ANSWER
42.6071428571429 42.60714 <-- Operator's Overhead Percentage
(Calculation completed in 00.004 seconds)

Credits

Created by Kumar Siddhant
Indian Institute of Information Technology, Design and Manufacturing (IIITDM), Jabalpur
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Depreciation Rate of Machine Tool given Machining and Operating Rate
Go Depreciation Rate = (Machining and Operating Rate-(Wage Rate*(100+Operator's Overhead Percentage)/100))*100/(100+Machine Overhead Percentage)
Operator's Overhead Percentage given Machining and Operating Rate
Go Operator's Overhead Percentage = ((Machining and Operating Rate-(Depreciation Rate*(100+Machine Overhead Percentage)/100))*100/Wage Rate)-100
Machine Overhead Percentage given Machining and Operating Rate
Go Machine Overhead Percentage = ((Machining and Operating Rate-(Wage Rate*(100+Operator's Overhead Percentage)/100))*100/Depreciation Rate)-100
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Operator's Wage Rate given Machining and Operating Rate
Go Wage Rate = (Machining and Operating Rate-(Depreciation Rate*(100+Machine Overhead Percentage)/100))*100/(100+Operator's Overhead Percentage)
Machining and Operating Rate
Go Machining and Operating Rate = (Wage Rate*(100+Operator's Overhead Percentage)/100)+(Depreciation Rate*(100+Machine Overhead Percentage)/100)
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Operator's Overhead Percentage given Machining and Operating Rate Formula

Operator's Overhead Percentage = ((Machining and Operating Rate-(Depreciation Rate*(100+Machine Overhead Percentage)/100))*100/Wage Rate)-100
%Operator = ((M-(Mt*(100+%Machine)/100))*100/Wo)-100

Operator's Overhead Cost

Operator's Overhead Cost refers to the ongoing expenses spent by the firm on the operators apart from his usual wage rate, which not directly attributes to creating a product or service. These often include the capital spent on facilities, insurance, etc.

How to Calculate Operator's Overhead Percentage given Machining and Operating Rate?

Operator's Overhead Percentage given Machining and Operating Rate calculator uses Operator's Overhead Percentage = ((Machining and Operating Rate-(Depreciation Rate*(100+Machine Overhead Percentage)/100))*100/Wage Rate)-100 to calculate the Operator's Overhead Percentage, The Operator's Overhead Percentage given Machining and Operating Rate is a method to determine the percentage of his Wage Rate spent indirectly on him, regardless of any revenue he generates. Operator's Overhead Percentage is denoted by %Operator symbol.

How to calculate Operator's Overhead Percentage given Machining and Operating Rate using this online calculator? To use this online calculator for Operator's Overhead Percentage given Machining and Operating Rate, enter Machining and Operating Rate (M), Depreciation Rate (Mt), Machine Overhead Percentage (%Machine) & Wage Rate (Wo) and hit the calculate button. Here is how the Operator's Overhead Percentage given Machining and Operating Rate calculation can be explained with given input values -> 42.60714 = ((100-(0.1*(100+75)/100))*100/70)-100.

FAQ

What is Operator's Overhead Percentage given Machining and Operating Rate?
The Operator's Overhead Percentage given Machining and Operating Rate is a method to determine the percentage of his Wage Rate spent indirectly on him, regardless of any revenue he generates and is represented as %Operator = ((M-(Mt*(100+%Machine)/100))*100/Wo)-100 or Operator's Overhead Percentage = ((Machining and Operating Rate-(Depreciation Rate*(100+Machine Overhead Percentage)/100))*100/Wage Rate)-100. Machining and Operating Rate is the money charged for processing on and operating machines per unit time, including overheads, Depreciation Rate is the rate at which the machine is depreciated across the estimated productive life of the machine, Machine Overhead Percentage is the percentage of Capital spent on it, regardless of any work it performs & Wage Rate is defined as the worker's/operator's rate of pay.
How to calculate Operator's Overhead Percentage given Machining and Operating Rate?
The Operator's Overhead Percentage given Machining and Operating Rate is a method to determine the percentage of his Wage Rate spent indirectly on him, regardless of any revenue he generates is calculated using Operator's Overhead Percentage = ((Machining and Operating Rate-(Depreciation Rate*(100+Machine Overhead Percentage)/100))*100/Wage Rate)-100. To calculate Operator's Overhead Percentage given Machining and Operating Rate, you need Machining and Operating Rate (M), Depreciation Rate (Mt), Machine Overhead Percentage (%Machine) & Wage Rate (Wo). With our tool, you need to enter the respective value for Machining and Operating Rate, Depreciation Rate, Machine Overhead Percentage & Wage Rate and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.
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