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How do you Calculate working age population?
The working age population is an age range. If given the number of people in the labor force and the labor force participation rate you can calculate the working age population by dividing the number of people in the labor force by the labor participation rate (in decimal, not percentage form)
What is the correct way to calculate the unemployment rate?
Unemployment/labor force * 100.
How do you calculate total manufacturing cost?
Weaver Company's predetermined overhead rate is $18.00 per direct labor-hour and its direct labor wage rate is $12.00 per hour.
How do you calculate the labor force participation ratethe unemployment rate and employment rate?
AnswerParticipation Rate = # employed + # unemployed ------------------------------------------------- X 100civilian non-institutionalized population (people 16 years old or older, not in prison, military, etc.)Unemployment Rate = # unemployed----------------------------------- X 100# unemployed + # employedEmployment Rate = # employed------------------------------------------------ X 100civilian non-institutionalized populationto calculate the labor force participation rate use the equation:LFP = CLF/ CNIP -- meaning labor force participation is calculated by dividing the civilianlabor force by the civilian non-institutional population.as for the unemployment rate use:unemployment rate = unemployment/ CLFand for the employment rate use:employment rate = employment/ CNIPto calculate the labor force participation rate use the equation:see the Related Link below for a full explanation.
How do you calculate frictional unemployment rate?
To calculate frictional unemployment rate you have to get the labor market turnovers. The frictional unemployment is the portion of the unemployment rate that results from the labor market turnovers.
What is the hourly rate for a carpenter's helper?
It totally depends on what year and what carpenter.
How do you calculate Overhead absorption rate apportionment?
Overhead rate : Overhead rate = total overhead cost / direct labor OR Overhead rate = Total overhead cost / machine hours.
What are the Methods used to calculate overhead absorption rate?
Overhead absorption rate is calculated with following methods: 1 - Machine hours method 2 - Direct labor cost method 3 - Direct labor hours method
Who put the first Labor Day parade?
Carpenter union
How do you calculate the actual labor rate when the standard rate is give?
Multiply the standard rate by the number of hours worked. If they worked overtime you may have to mutiply the rate by 25% or 50% - depending on the contract - f or the hours worked overtime.
How do you calculate labor force participation rate when given people employed unemployment rate and labor force?
If you mean employment rate, then it is employment/labor force. the participation rate is the labor force/non-institutionalized population over 16, I believe. A participation rate generally implies that what the data is explaining is overall how many people are working out of an entire population. Labor force participation rate= (number of people in the labor force) divided by total adult population note adult population in the work force is considered to start at age 15 number of people in the work force is the sum of unemployed and employed adults
How do you calculate applied overhead?
Many companies will have a 'historical' OVHD rate, or calculate a budgeted rate.Presuming budgeted or est-ovhd cost of 750,000Presuming budgeted or est-direct-labor 500,000Overhead rate = estimated overhead costs/estimated activity base750,000 / 500,000Overhead rate =1.5 or 150%Since job-labor is the basis for Applied Overhead,Applied overhead = rate from above x actual direct labor.1.5 510,000Applied overhead = 765Prorate the overhead variance to the appropriate accounts765 - 750 = variance of 15K
