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Wage Rate in Estimation for Optimal Conditions Formulas

Wage Rate is defined as the worker’s/operator’s rate of pay. And is denoted by Wo.

Formulas to find Wage Rate in Estimation for Optimal Conditions

fxOperator's Wage Rate given Machining and Operating Rate​Go

Estimation for Optimal Conditions formulas that make use of Wage Rate

fxOperator's Overhead Percentage given Machining and Operating Rate​Go
fxMachine Overhead Percentage given Machining and Operating Rate​Go
fxMachining and Operating Rate​Go
fxDepreciation Rate of Machine Tool given Machining and Operating Rate​Go

List of variables in Estimation for Optimal Conditions formulas

fx Machining and Operating Rate ​Go
fx Depreciation Rate ​Go
fx Machine Overhead Percentage ​Go
fx Operator's Overhead Percentage ​Go

FAQ

What is the Wage Rate?
Wage Rate is defined as the worker’s/operator’s rate of pay.
Can the Wage Rate be negative?
{YesorNo}, the Wage Rate, measured in {OutputVariableMeasurementName} {CanorCannot} be negative.
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