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Operator's Overhead Percentage given Machining and Operating Rate Formula

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Operator's Overhead Percentage is the percentage of his wage Rate spent indirectly on him, regardless of any revenue generated. Check FAQs
%opt=((M-(Mt⋅100+%mach100))⋅100Wo)-100
%opt - Operator's Overhead Percentage?M - Machining and Operating Rate?Mt - Depreciation Rate?%mach - Machine Overhead Percentage?Wo - Wage Rate?

Operator's Overhead Percentage given Machining and Operating Rate Example

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

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

Here is how the Operator's Overhead Percentage given Machining and Operating Rate equation looks like.

20Edit=((100Edit-(0.1Edit⋅100+75Edit100))⋅10083.1875Edit)-100
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Operator's Overhead Percentage given Machining and Operating Rate Solution

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

FIRST Step Consider the formula
%opt=((M-(Mt⋅100+%mach100))⋅100Wo)-100
Next Step Substitute values of Variables
∴ %opt=((100-(0.1⋅100+75100))⋅10083.1875)-100
Next Step Prepare to Evaluate
∴ %opt=((100-(0.1⋅100+75100))⋅10083.1875)-100
LAST Step Evaluate
∴%opt=20

Operator's Overhead Percentage given Machining and Operating Rate Formula Elements

Variables
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
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
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
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
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

Other formulas in Estimation Cost category

​Go Machine Overhead Percentage given Machining and Operating Rate
%mach=((M-(Wo⋅100+%opt100))⋅100Mt)-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 Operator's Overhead Percentage given Machining and Operating Rate?

Operator's Overhead Percentage given Machining and Operating Rate evaluator uses Operator's Overhead Percentage = ((Machining and Operating Rate-(Depreciation Rate*(100+Machine Overhead Percentage)/100))*100/Wage Rate)-100 to evaluate 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 evaluate Operator's Overhead Percentage given Machining and Operating Rate using this online evaluator? To use this online evaluator for Operator's Overhead Percentage given Machining and Operating Rate, enter Machining and Operating Rate (M), Depreciation Rate (Mt), Machine Overhead Percentage (%mach) & Wage Rate (Wo) and hit the calculate button.

FAQs on Operator's Overhead Percentage given Machining and Operating Rate

What is the formula to find Operator's Overhead Percentage given Machining and Operating Rate?
The formula of Operator's Overhead Percentage given Machining and Operating Rate is expressed as Operator's Overhead Percentage = ((Machining and Operating Rate-(Depreciation Rate*(100+Machine Overhead Percentage)/100))*100/Wage Rate)-100. Here is an example- 42.60714 = ((100-(0.1*(100+75)/100))*100/83.1875)-100.
How to calculate Operator's Overhead Percentage given Machining and Operating Rate?
With Machining and Operating Rate (M), Depreciation Rate (Mt), Machine Overhead Percentage (%mach) & Wage Rate (Wo) we can find Operator's Overhead Percentage given Machining and Operating Rate using the formula - Operator's Overhead Percentage = ((Machining and Operating Rate-(Depreciation Rate*(100+Machine Overhead Percentage)/100))*100/Wage Rate)-100.
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