need a formua for wages
You'll need to use a weighted average, first of the days worked. then of the
days earnings
Amount Name Share Days Weighted Days Weighted
1500 Tracy 0.47 7 329.000 890.79
Buzz 0.33 5 165.000 446.75
Damon 0.20 3 60.000 162.45
Totals 1.00 15 554.000 1500.00
Weighted days = (Days worked by indiv/sum of days worked by all employees) *
(Individual Share * Amount)
Assuming table is in a=F above, for Tracy: (D2/d5) * (B2*A2)
Weighted = (Weighted days/Sum of Weighted Days)* Amount
Again, for Tracy: (E2/E5) * A2
You can change values in A (Amount), Columns B, C & D (Individuals and their
rates, days). Naturally you will have to come up with appropriate reference
for the summation cells:
e.g. F2 = (E2/Sum(E:E))*A2
BAc
"pgc" wrote:
I have 3 employees, Tracy, Buzz and Damon they work as a team,
If they all work the same amount of days there wages are as follows
Tracy gets 47% of the total
Buzz gets 33% of the total
And Damon gets 20% of the total
But what happens in the scenario below
Name Days total price total day rate total earnings
worked work for team for team for team
Tracy 7 £1500.00 £350.00 £1850.00
Buzz 5
Damon 3
How much would each member earn and i need a formula so i can change
details in each column
Your help would be most appreciated
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