Assume that overhead is charged on a flat-rate basis each, Operation Management

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Assume that overhead is charged on a flat-rate basis each

Question: 1. Calculate the fully loaded cost of labor for your Project Engineer using the following data:

Hourly rate: $40/hr

Estimated hours of work: 120

Overhead rate: 65%

Personal time: 15%

2. Assume that overhead is charged on a flat-rate basis. Each member of the project is assigned an overhead charge of $150/week. What would the fully loaded cost of labor be for an employee, given that she is assigned to the project for 200 hours at $10.50/hour?

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Operation Management: Assume that overhead is charged on a flat-rate basis each

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