How Can I Calculate The Standard Rate Per Direct Labor Hour?
When basic wage rate is 10, employment taxes at 1 and fringe benefits at 30%.
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Well dear!
For the calculation of the standard rate per direct labor hour:
Basic wage rate + employment taxes + fringe benefits = standard rate per direct labor hour
Putting the values we get:
standard rate per direct labor hour = 10 +1 +3 = $14
standard rate per direct labor hour
For the calculation of the standard rate per direct labor hour:
Basic wage rate + employment taxes + fringe benefits = standard rate per direct labor hour
Putting the values we get:
standard rate per direct labor hour = 10 +1 +3 = $14
standard rate per direct labor hour
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