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multiply time and wage

  1. #1
    KC
    Guest

    multiply time and wage

    I am trying to add hours together and then multiply that by an hourly wage.
    For example (in hours:minutes)

    38:46 + 24:22 = 63:08 = 63.14 x $8.00 = $505.12

    Is there any way to do this in excel or am I asking too much of the program?

    Thank you for your help!

  2. #2
    Sandy Mann
    Guest

    Re: multiply time and wage

    KC,

    Multiply the time by 24 and format the cell as General then you can multiply
    by the wage rate:

    63:08 * 24 * 8 = 505.0667

    --
    HTH

    Sandy
    [email protected]
    Replace@mailinator with @tiscali.co.uk


    "KC" <[email protected]> wrote in message
    news:[email protected]...
    >I am trying to add hours together and then multiply that by an hourly wage.
    > For example (in hours:minutes)
    >
    > 38:46 + 24:22 = 63:08 = 63.14 x $8.00 = $505.12
    >
    > Is there any way to do this in excel or am I asking too much of the
    > program?
    >
    > Thank you for your help!




  3. #3
    Forum Contributor
    Join Date
    10-14-2004
    Location
    San Diego, CA
    Posts
    213
    =CEILING((A1+B1)*24,0.01)*C1

    You need to format both cells A1 and B1, (FORMAT/CELLS/CUSTOM) to this, [hh]:mm, type it into box just below the word, Type:

    Place 38:46 in cell A1 and 24:22 in B1, place the hourly wage of $8.00 in C1 and paste the formula into cell D1.

    Matt

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