If a(n) of contract occurs, the maker of a note can refuse to pay it, or the drawer of a check can order his or her bank to stop payment on the check. if delivery of goods becomes impossible, a party who has issued a draft or note under the contract has a defense for not it.
o true o false

Overhead rate is calculated by dividing the overhead cost by the direct cost over a similar period of measurement. In our case, the basis is per hour. The overhead cost is the rough estimate of the cost made through the proper reference to the historical data for old establishments and projections for the new ones. This can be expressed as,
    overhead rate = (overhead cost / direct cost) x 100%

Substituting the known values,
   overhead rate = ($75 / $50) x 100%
   overhead rate = 150%

ANSWER: overhead rate = 150%