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Company A expects to pay 135,000 in wages this year. In recent years, wages have ranged from a low of 86,000 to a high of
Company A expects to pay 135,000 in wages this year. In recent years, wages have ranged from a low of 86,000 to a high of 161,000 while the average was 135,000. Overhead costs have been largely fixed at 907,000 in recent years. What is the overhead rate at capacity as a percentage of wages?
Do not forget to pre-multiply by 100 to get a percentage. Enter your answer as a number rounded to two decimal points, e.g., 3.14, 25.70, 100.00, 1540.99. Do not enter any letters, unit symbols (such as %), commas, or other non-numerical characters!
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