Solve the below problem:
Q: Given the following data, develop a per-negotiation objective of a weighted average wage rate for 8,000 hours of labor.
|
Category
|
Wage Rate/hr
|
%of Contractual Effort
|
|
Scientist
|
$25.00
|
10%
|
|
Senior Engineer
|
$23.00
|
15%
|
|
Engineer Assistant
|
$14.00
|
5%
|
|
Trainee
|
$7.00
|
70%
|
Is the use of a weighted average rate appropriate in this case?