Birdwatch Note Rating
2024-12-02 23:02:33 UTC - NOT_HELPFUL
Rated by Participant: 33BBEB3F8EAB658FD73AFDF6FB00A8206F543CAF0D4B840B215F65FE0449272B
Participant Details
Original Note:
X% overhead means for every $1 spent for direct costs, an extra x cents goes toward indirect costs (overhead). So .70 in indirect costs (overhead) for every dollar of direct costs—0.7/1=0.7 A rate of 70% means that 41% of the money spent goes to overhead—0.7/(0.7+1)=~41%. https://www.freshbooks.com/hub/accounting/calculate-overhead-cost#:~:text=The%20overhead%20rate%20or%20the,costs%20and%20multiply%20by%20100.
All Note Details