Operator's Overhead Percentage given Machining and Operating Rate Calculator

✖Machining and Operating Rate is the money charged for processing on and operating machines per unit time, including overheads.ⓘ Machining and Operating Rate [M]			+10% -10%
✖Depreciation Rate is the rate at which the machine is depreciated across the estimated productive life of the machine.ⓘ Depreciation Rate [M_t]			+10% -10%
✖Machine Overhead Percentage is the percentage of Capital spent on it, regardless of any work it performs.ⓘ Machine Overhead Percentage [%_mach]			+10% -10%
✖Wage Rate is defined as the worker's/operator's rate of pay.ⓘ Wage Rate [W_o]			+10% -10%

✖Operator's Overhead Percentage is the percentage of his wage Rate spent indirectly on him, regardless of any revenue generated.ⓘ Operator's Overhead Percentage given Machining and Operating Rate [%_opt]

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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
%_opt = ((M-(M_t*(100+%_mach)/100))*100/W_o)-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: 83.1875 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

%_opt = ((M-(M_t*(100+%_mach)/100))*100/W_o)-100 --> ((100-(0.1*(100+75)/100))*100/83.1875)-100

Evaluating ... ...

%_opt = 20

STEP 3: Convert Result to Output's Unit

20 --> No Conversion Required

FINAL ANSWER

20 <-- Operator's Overhead Percentage

(Calculation completed in 00.004 seconds)

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Created by Kumar Siddhant

Indian Institute of Information Technology, Design and Manufacturing (IIITDM), Jabalpur

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< Estimation Cost Calculators

Operator's Overhead Percentage given Machining and Operating Rate

LaTeX 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

LaTeX Go Machine Overhead Percentage = ((Machining and Operating Rate-(Wage Rate*(100+Operator's Overhead Percentage)/100))*100/Depreciation Rate)-100

Operator's Wage Rate given Machining and Operating Rate

LaTeX Go Wage Rate = (Machining and Operating Rate-(Depreciation Rate*(100+Machine Overhead Percentage)/100))*100/(100+Operator's Overhead Percentage)

Machining and Operating Rate

LaTeX Go Machining and Operating Rate = (Wage Rate*(100+Operator's Overhead Percentage)/100)+(Depreciation Rate*(100+Machine Overhead Percentage)/100)

Operator's Overhead Percentage given Machining and Operating Rate Formula

LaTeX Go

Operator's Overhead Percentage = ((Machining and Operating Rate-(Depreciation Rate*(100+Machine Overhead Percentage)/100))*100/Wage Rate)-100
%_opt = ((M-(M_t*(100+%_mach)/100))*100/W_o)-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 %_opt 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 (M_t), Machine Overhead Percentage (%_mach) & Wage Rate (W_o) 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))*100/83.1875)-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 %_opt = ((M-(M_t*(100+%_mach)/100))*100/W_o)-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 (M_t), Machine Overhead Percentage (%_mach) & Wage Rate (W_o). 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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