Calculating Cost Per Minute
I know how to do this mathematically, obviously.
But here is what i am talking about: We are calculating a cost per unit during repair. In column "G" is "START TIME" In column "H" is "STOP TIME" Column "I" is used for "TOTAL TIME" Column "J" is where I want the labor cost of fixing any specific unit. We are using the "labor cost" as a figure of $16/hr which comes out to $.27 per minute. Our techs aren't the brightest people in the world so I have the start and stop time set up like 14:40 then ending at 15:10 - in the "total time" column it comes out as 0:30 which then I have the equation =(I1*.27) for some reason it won't convert :30 to just 30 minutes. Sorry if I am confusing anyone... I need to convert the times into minutes. My total time formula is H1-G1 and it gives me 0:30 which I then need converted to minutes to multiply by .27 STOP TIME - START TIME = TOTAL TIME TAKEN *.27 |
Calculating Cost Per Minute
Ryan F wrote:
I know how to do this mathematically, obviously. But here is what i am talking about: We are calculating a cost per unit during repair. In column "G" is "START TIME" In column "H" is "STOP TIME" Column "I" is used for "TOTAL TIME" Column "J" is where I want the labor cost of fixing any specific unit. We are using the "labor cost" as a figure of $16/hr which comes out to $.27 per minute. Our techs aren't the brightest people in the world so I have the start and stop time set up like 14:40 then ending at 15:10 - in the "total time" column it comes out as 0:30 which then I have the equation =(I1*.27) for some reason it won't convert :30 to just 30 minutes. Sorry if I am confusing anyone... I need to convert the times into minutes. My total time formula is H1-G1 and it gives me 0:30 which I then need converted to minutes to multiply by .27 STOP TIME - START TIME = TOTAL TIME TAKEN *.27 =I1*1440*.27 |
Calculating Cost Per Minute
Hey Ryan
try dividing total time (Col I) by 1440 (minutes in a day) and then multiplying. HTH Steve "Ryan F" wrote: I know how to do this mathematically, obviously. But here is what i am talking about: We are calculating a cost per unit during repair. In column "G" is "START TIME" In column "H" is "STOP TIME" Column "I" is used for "TOTAL TIME" Column "J" is where I want the labor cost of fixing any specific unit. We are using the "labor cost" as a figure of $16/hr which comes out to $.27 per minute. Our techs aren't the brightest people in the world so I have the start and stop time set up like 14:40 then ending at 15:10 - in the "total time" column it comes out as 0:30 which then I have the equation =(I1*.27) for some reason it won't convert :30 to just 30 minutes. Sorry if I am confusing anyone... I need to convert the times into minutes. My total time formula is H1-G1 and it gives me 0:30 which I then need converted to minutes to multiply by .27 STOP TIME - START TIME = TOTAL TIME TAKEN *.27 |
Calculating Cost Per Minute
Sorry.... Multiply by 1440
"Ryan F" wrote: I know how to do this mathematically, obviously. But here is what i am talking about: We are calculating a cost per unit during repair. In column "G" is "START TIME" In column "H" is "STOP TIME" Column "I" is used for "TOTAL TIME" Column "J" is where I want the labor cost of fixing any specific unit. We are using the "labor cost" as a figure of $16/hr which comes out to $.27 per minute. Our techs aren't the brightest people in the world so I have the start and stop time set up like 14:40 then ending at 15:10 - in the "total time" column it comes out as 0:30 which then I have the equation =(I1*.27) for some reason it won't convert :30 to just 30 minutes. Sorry if I am confusing anyone... I need to convert the times into minutes. My total time formula is H1-G1 and it gives me 0:30 which I then need converted to minutes to multiply by .27 STOP TIME - START TIME = TOTAL TIME TAKEN *.27 |
Calculating Cost Per Minute
Thanks so much for all the help! Can't believe I overlooked that, coffee
wearing off. TGIF Have a great weekend and thanks a bunch to both of you! "Glenn" wrote: Ryan F wrote: I know how to do this mathematically, obviously. But here is what i am talking about: We are calculating a cost per unit during repair. In column "G" is "START TIME" In column "H" is "STOP TIME" Column "I" is used for "TOTAL TIME" Column "J" is where I want the labor cost of fixing any specific unit. We are using the "labor cost" as a figure of $16/hr which comes out to $.27 per minute. Our techs aren't the brightest people in the world so I have the start and stop time set up like 14:40 then ending at 15:10 - in the "total time" column it comes out as 0:30 which then I have the equation =(I1*.27) for some reason it won't convert :30 to just 30 minutes. Sorry if I am confusing anyone... I need to convert the times into minutes. My total time formula is H1-G1 and it gives me 0:30 which I then need converted to minutes to multiply by .27 STOP TIME - START TIME = TOTAL TIME TAKEN *.27 =I1*1440*.27 |
Calculating Cost Per Minute
Hi,
Try =I1*388.8 -- If this helps, please click the Yes button Cheers, Shane Devenshire "Ryan F" wrote: I know how to do this mathematically, obviously. But here is what i am talking about: We are calculating a cost per unit during repair. In column "G" is "START TIME" In column "H" is "STOP TIME" Column "I" is used for "TOTAL TIME" Column "J" is where I want the labor cost of fixing any specific unit. We are using the "labor cost" as a figure of $16/hr which comes out to $.27 per minute. Our techs aren't the brightest people in the world so I have the start and stop time set up like 14:40 then ending at 15:10 - in the "total time" column it comes out as 0:30 which then I have the equation =(I1*.27) for some reason it won't convert :30 to just 30 minutes. Sorry if I am confusing anyone... I need to convert the times into minutes. My total time formula is H1-G1 and it gives me 0:30 which I then need converted to minutes to multiply by .27 STOP TIME - START TIME = TOTAL TIME TAKEN *.27 |
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