Question
Assuming that the overhead costs for the administrative assistant are estimated to be a total of $5,116.63, calculate the hourly cost and burden markup using
Assuming that the overhead costs for the administrative assistant are estimated to be a total of $5,116.63, calculate the hourly cost and burden markup using the formulas provided below. Assume that the time-off wages paid are based on the higher of the two hourly wages (i.e., includes the 10% raise). (Note: In each case, your answers must be within +/- 1% in order to receive full credit.)
Labor Burden:
Hourly Costs= Total Costs / Hrs Worked
Burden Markup = (Total Costs / Total wages - Time off wages paid - Bonus) - 1
The Burden markup for the administrative assistant is ________%
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