Social contract. Social contract, in political philosophy, an actual or hypothetical compact, or agreement, between the ruled and their rulers, defining the rights and duties of each. In primeval times, according to the theory, individuals were born into an anarchic state of nature, which was happy or unhappy according to the particular version.
Typical costs: 1  Technicians typically charge $50-$100 per hour for labor to work on the computer, but this varies by geographical location. 2  Costs for replacement hardware for Macs and PCs vary.  Motherboards range from $50 to more than $1,000 -- the more expensive models offer faster speeds and more ports.
Letâs assume that a company had direct expenses of $15.00 (labor & material) in producing one widget. In order to cover the companyâs indirect expenses, the company should charge $7.50 ($15.00 x 50% overhead percentage = $7.50) in addition to its labor and material costs. This new cost of $22.50 would allow the company to cover its direct expenses of $15.00, and its indirect expenses of $7.50 or its overhead. To determine a price, it might include using gross profit on sell price.