SOLUTION: In need of some major help! Please! the direct material cost of manufacturing a product is $103.95, direct labour cost is $46.20 an overhead is $57.75 A)what is the percent co

Question 1023418: In need of some major help! Please!
the direct material cost of manufacturing a product is $103.95, direct labour cost is $46.20 an overhead is $57.75
A)what is the percent content of each element of cost in the product?
B) what is the overhead percentage rate based on direct labour?
A) the percent rate for material cost is ___%
The percent rate for labour cost is ___%
the percent rate for overhead is ___%
B) The overhead rate is ___%
Answer by addingup(3677) (Show Source): You can put this solution on YOUR website!
103.95+46.20+57.75 = x (use your calculator)
% material: (103.95/x)*100 (substitute x with the result you got)
% labor: (46.2/x)*100
% o/h: (57.75/x)*100
O/h to labor: (57.75/46.2)*100
Get out your calculator and do your part.
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