This week you must explain how to derive the labor rate and how that relates to the total company overhead.

This week you must explain how to derive the labor rate and how that relates to the total company overhead. Give examples.Objective: Use the internet, other sources, or the library to research an article that addresses a topic of interest in this weeks learning objective below.Course Objective(s):

CO3: Explain the relationship between labor rates and the business base.This weeks readings:http://www.principlesofaccounting.com/chapter-22/ (FAR Part 31)

http://farsite.hill.af.mil/reghtml/regs/far2afmcfars/fardfars/far/31.htm FAR Part 42.17

https://www.acquisition.gov/content/subpart-4217-forward-pricing-rate-agreements