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Machine Overhead Percentage given Machining and Operating Rate Formula

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Machine Overhead Percentage is the percentage of Capital spent on it, regardless of any work it performs. Check FAQs
%mach=((M-(Wo⋅100+%opt100))⋅100Mt)-100
%mach - Machine Overhead Percentage?M - Machining and Operating Rate?Wo - Wage Rate?%opt - Operator's Overhead Percentage?Mt - Depreciation Rate?

Machine Overhead Percentage given Machining and Operating Rate Example

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Here is how the Machine Overhead Percentage given Machining and Operating Rate equation looks like with Values.

Here is how the Machine Overhead Percentage given Machining and Operating Rate equation looks like with Units.

Here is how the Machine Overhead Percentage given Machining and Operating Rate equation looks like.

75Edit=((100Edit-(83.1875Edit⋅100+20Edit100))⋅1000.1Edit)-100
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Machine Overhead Percentage given Machining and Operating Rate Solution

Follow our step by step solution on how to calculate Machine Overhead Percentage given Machining and Operating Rate?

FIRST Step Consider the formula
%mach=((M-(Wo⋅100+%opt100))⋅100Mt)-100
Next Step Substitute values of Variables
∴ %mach=((100-(83.1875⋅100+20100))⋅1000.1)-100
Next Step Prepare to Evaluate
∴ %mach=((100-(83.1875⋅100+20100))⋅1000.1)-100
Next Step Evaluate
∴%mach=74.9999999999972
LAST Step Rounding Answer
∴%mach=75

Machine Overhead Percentage given Machining and Operating Rate Formula Elements

Variables
Machine Overhead Percentage
Machine Overhead Percentage is the percentage of Capital spent on it, regardless of any work it performs.
Symbol: %mach
Measurement: NAUnit: Unitless
Note: Value should be greater than 0.
Formulas to find Machine Overhead PercentageOpen Variable
Machining and Operating Rate
Machining and Operating Rate is the money charged for processing on and operating machines per unit time, including overheads.
Symbol: M
Measurement: NAUnit: Unitless
Note: Value should be greater than 0.
Formulas to find Machining and Operating RateOpen Variable
Wage Rate
Wage Rate is defined as the worker's/operator's rate of pay.
Symbol: Wo
Measurement: NAUnit: Unitless
Note: Value should be greater than 0.
Formulas to find Wage RateOpen Variable
Operator's Overhead Percentage
Operator's Overhead Percentage is the percentage of his wage Rate spent indirectly on him, regardless of any revenue generated.
Symbol: %opt
Measurement: NAUnit: Unitless
Note: Value should be greater than 0.
Formulas to find Operator's Overhead PercentageOpen Variable
Depreciation Rate
Depreciation Rate is the rate at which the machine is depreciated across the estimated productive life of the machine.
Symbol: Mt
Measurement: NAUnit: Unitless
Note: Value can be positive or negative.
Formulas to find Depreciation RateOpen Variable

Other formulas in Estimation Cost category

​Go Operator's Overhead Percentage given Machining and Operating Rate
%opt=((M-(Mt⋅100+%mach100))⋅100Wo)-100
​Go Operator's Wage Rate given Machining and Operating Rate
Wo=(M-(Mt⋅100+%mach100))⋅100100+%opt
​Go Machining and Operating Rate
M=(Wo⋅100+%opt100)+(Mt⋅100+%mach100)
​Go Initial Cost of Machine given Depreciation Rate
Cmach=Pamort⋅Nwh⋅Mt

How to Evaluate Machine Overhead Percentage given Machining and Operating Rate?

Machine Overhead Percentage given Machining and Operating Rate evaluator uses Machine Overhead Percentage = ((Machining and Operating Rate-(Wage Rate*(100+Operator's Overhead Percentage)/100))*100/Depreciation Rate)-100 to evaluate the Machine Overhead Percentage, The Machine Overhead Percentage given Machining and Operating Rate is a method to determine the percentage of capital spent on machines, regardless of any revenue it generates. Machine Overhead Percentage is denoted by %mach symbol.

How to evaluate Machine Overhead Percentage given Machining and Operating Rate using this online evaluator? To use this online evaluator for Machine Overhead Percentage given Machining and Operating Rate, enter Machining and Operating Rate (M), Wage Rate (Wo), Operator's Overhead Percentage (%opt) & Depreciation Rate (Mt) and hit the calculate button.

FAQs on Machine Overhead Percentage given Machining and Operating Rate

What is the formula to find Machine Overhead Percentage given Machining and Operating Rate?
The formula of Machine Overhead Percentage given Machining and Operating Rate is expressed as Machine Overhead Percentage = ((Machining and Operating Rate-(Wage Rate*(100+Operator's Overhead Percentage)/100))*100/Depreciation Rate)-100. Here is an example- 15900 = ((100-(83.1875*(100+20)/100))*100/0.1)-100.
How to calculate Machine Overhead Percentage given Machining and Operating Rate?
With Machining and Operating Rate (M), Wage Rate (Wo), Operator's Overhead Percentage (%opt) & Depreciation Rate (Mt) we can find Machine Overhead Percentage given Machining and Operating Rate using the formula - Machine Overhead Percentage = ((Machining and Operating Rate-(Wage Rate*(100+Operator's Overhead Percentage)/100))*100/Depreciation Rate)-100.
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