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Operator's Wage Rate given Machining and Operating Rate Formula

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Wage Rate is defined as the worker's/operator's rate of pay. Check FAQs

W o = (M - (M t \cdot \frac{100 + % mach}{100})) \cdot \frac{100}{100 + % opt}

W_o - Wage Rate?M - Machining and Operating Rate?M_t - Depreciation Rate?%_mach - Machine Overhead Percentage?%_opt - Operator's Overhead Percentage?

Operator's Wage Rate given Machining and Operating Rate Example

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

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

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

83.1875 = (100 - (0.1 \cdot \frac{100 + 75}{100})) \cdot \frac{100}{100 + 20}

83.1875 = (100 - (0.1 \cdot \frac{100 + 75}{100})) \cdot \frac{100}{100 + 20}

83.1875 = (100 - (0.1 \cdot \frac{100 + 75}{100})) \cdot \frac{100}{100 + 20}

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Operator's Wage Rate given Machining and Operating Rate Solution

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

FIRST Step Consider the formula

W o = (M - (M t \cdot \frac{100 + % mach}{100})) \cdot \frac{100}{100 + % opt}

Next Step Substitute values of Variables

∴

W o = (100 - (0.1 \cdot \frac{100 + 75}{100})) \cdot \frac{100}{100 + 20}

Next Step Prepare to Evaluate

∴

W o = (100 - (0.1 \cdot \frac{100 + 75}{100})) \cdot \frac{100}{100 + 20}

LAST Step Evaluate

∴

W o = 83.1875

Operator's Wage Rate given Machining and Operating Rate Formula Elements

Variables

Wage Rate

Wage Rate is defined as the worker's/operator's rate of pay.

Symbol: W_o

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Wage Rate

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 Rate

Depreciation Rate

Depreciation Rate is the rate at which the machine is depreciated across the estimated productive life of the machine.

Symbol: M_t

Measurement: NAUnit: Unitless

Note: Value can be positive or negative.

Formulas to find Depreciation Rate

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 Percentage

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 Percentage

Other formulas in Estimation Cost category

Go Operator's Overhead Percentage given Machining and Operating Rate

% opt = ((M - (M t \cdot \frac{100 + % mach}{100})) \cdot \frac{100}{W o}) - 100

Go Machine Overhead Percentage given Machining and Operating Rate

% mach = ((M - (W o \cdot \frac{100 + % opt}{100})) \cdot \frac{100}{M t}) - 100

Go Machining and Operating Rate

M = (W o \cdot \frac{100 + % opt}{100}) + (M t \cdot \frac{100 + % mach}{100})

Go Initial Cost of Machine given Depreciation Rate

C mach = P amort \cdot N wh \cdot M t

How to Evaluate Operator's Wage Rate given Machining and Operating Rate?

Operator's Wage Rate given Machining and Operating Rate evaluator uses Wage Rate = (Machining and Operating Rate-(Depreciation Rate*(100+Machine Overhead Percentage)/100))*100/(100+Operator's Overhead Percentage) to evaluate the Wage Rate, The Operator's Wage Rate given Machining and Operating Rate is a method to determine the maximum rate of Pay to the operator when total expense on Machining and Operating is limited. Wage Rate is denoted by W_o symbol.

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

FAQs on Operator's Wage Rate given Machining and Operating Rate

What is the formula to find Operator's Wage Rate given Machining and Operating Rate?

The formula of Operator's Wage Rate given Machining and Operating Rate is expressed as Wage Rate = (Machining and Operating Rate-(Depreciation Rate*(100+Machine Overhead Percentage)/100))*100/(100+Operator's Overhead Percentage). Here is an example- 83.1875 = (100-(0.1*(100+75)/100))*100/(100+20).

How to calculate Operator's Wage Rate given Machining and Operating Rate?

With Machining and Operating Rate (M), Depreciation Rate (M_t), Machine Overhead Percentage (%_mach) & Operator's Overhead Percentage (%_opt) we can find Operator's Wage Rate given Machining and Operating Rate using the formula - Wage Rate = (Machining and Operating Rate-(Depreciation Rate*(100+Machine Overhead Percentage)/100))*100/(100+Operator's Overhead Percentage).

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Operator's Wage Rate given Machining and Operating Rate Formula

Operator's Wage Rate given Machining and Operating Rate Example

Operator's Wage Rate given Machining and Operating Rate Solution

Operator's Wage Rate given Machining and Operating Rate Formula Elements

Other formulas in Estimation Cost category

How to Evaluate Operator's Wage Rate given Machining and Operating Rate?

FAQs on Operator's Wage Rate given Machining and Operating Rate

Variable Name