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Can't calculate actual hours and costs from standard

  1. #1
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    Can't calculate actual hours and costs from standard

    Apologies as this must have been covered before, but I can't find it.

    Plant produces ten widgets per hour at labour rate of £15 per hour

    Customer orders sixty widgets, so it will take six hours and cost £90

    Can't see the formula to put into B9 to get "06:00", and then the formula in B11 that will multiply the hourly rate by the six hours to get the £90

    All suggestions and pointers accepted gratefully as ever

    Ochimus
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    Re: Can't calculate actual hours and costs from standard

    Time taken

    =B7/B5/24 (format as h:mm)

    Cost

    =B3*B9*24

  3. #3
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    Re: Can't calculate actual hours and costs from standard

    John,

    Many thanks for prompt solution, enabling me to mark this as "solved".

    Trust you'll be rewarded with an excellent Christmas.

    Ochimus

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