Reviews For Mutual of Omaha Customer Service (1) customer. 2 days of waiting to speak to someone for a simply request.
1 Income / Hours = Hourly Rate. 2  Example: $15,000 / 2114 = $7.10 per hour. 3  You can check your results against this salary converter, which also allows you to correct for several different variables.ou can figure out your hourly rate based on an annual income, for a more accurate figure, or you find your hourly rate for a specific job or time period. 1  For example, if you get paid by the job or project, you may just want to keep track of the hours for that project to determine your hourly rate for that job.
The Formula. The predetermined overhead rate for machine hours is calculated by dividing the estimated manufacturing overhead cost total by the estimated number of machine hours. This formula refers to the predetermined overhead because this overhead total is based on estimations, rather than the actual cost.or instance, if the manufacturer estimates $10,000 in overhead costs with 20,000 machine hours, the predetermined overhead rate is 50 cents per unit.