Response to the following in at least 250 words:
Explain how to derive the labor rate and how that relates to the total company overhead. Give examples.
Objective: Use the library to research an article that addresses a topic of interest in this learning objective.
Learning Objective:
Explain the relationship between labor rates and the business base.
Course Description:
This course provides an understanding of industry overhead costs and the costs' impact on seller pricing/business strategies under various acquisition environments with differing contract types. Attendees will understand the development and application of overhead rates used in contract formation, administration, and closeout. The course-integrating case study provides hands-on application of the overhead-rate process in which attendees determine their own final overhead rates. No prerequisite.