Develop a per-negotiation objective of a weighted average, Operation Management

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Develop a per-negotiation objective of a weighted average

Solve the below problem:

Q: Given the following data, develop a per-negotiation objective of a weighted average wage rate for 8,000 hours of labor.

Category	Wage Rate/hr	%of Contractual Effort
Scientist	$25.00	10%
Senior Engineer	$23.00	15%
Engineer Assistant	$14.00	5%
Trainee	$7.00	70%

Is the use of a weighted average rate appropriate in this case?

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Operation Management: Develop a per-negotiation objective of a weighted average

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Operation Management: Develop a per-negotiation objective of a weighted average

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