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Calculating hourly rate to charge customer for a line item based on RT, OT, DT rates

  1. #1
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    Calculating hourly rate to charge customer for a line item based on RT, OT, DT rates

    Hi there! I am having an issue with figuring out the formula to calculate a rate to charge our customer by calculating X number of crew on site x Amount of Hours x Amount of Days and calculate the rate based on regular hours, overtime hours, Double time hours and add a markup of any percentage to it. The only way I was able to do it was calculate it by 10%, 20% or 30% markup only but we would like to just enter any percentage in Column A.

    This is what I came up with and works but only for the rates I mentioned:
    =IF(A2=0.1,IF(C2<=8,81,IF(C2<=10,87,IF(C2<=12,91))),IF(A2=0.2,IF(C2<=8,88,IF(C2<=10,94,IF(C2<=12,98))),IF(C2<=8,95,IF(C2<=10,101,IF(C2<=12,105)))))

    Also, we need it to calculate based on all hours over 12 hours as well (13, 16, etc.).

    I attached a copy of the worksheet and I would greatly appreciate any advice/instruction you can offer. Thank you so much for taking the time to review this.
    Attached Files Attached Files

  2. #2
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    Re: Calculating hourly rate to charge customer for a line item based on RT, OT, DT rates

    In the attached I adjusted the lookup table to accept hour ranges 1 to 12 and greater. Also made the percentages real percentages.


    I
    J
    K
    L
    1
    10%
    20%
    30%
    2
    1
    $ 81.00
    $ 88.00
    $ 95.00
    3
    10
    $ 87.00
    $ 94.00
    $ 101.00
    4
    12
    $ 91.00
    $ 98.00
    $ 105.00


    Then in F2 and filled down. This returns the same as your longer formula without returns for 0 hours.
    Formula: copy to clipboard
    Please Login or Register  to view this content.
    Dave

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    Re: Calculating hourly rate to charge customer for a line item based on RT, OT, DT rates

    Thank you again for your help.

    As it came down to it, I was simply overthinking it. After reviewing what you sent me, I took a step back and reviewed again and
    I came up with the attached, which is exactly what I needed.

    =IF(F2,IF(D2<=8,81,IF(D2<12,87,IF(D2>=12,91))))
    Attached Files Attached Files

  4. #4
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    Re: Calculating hourly rate to charge customer for a line item based on RT, OT, DT rates

    Good deal.

    If that takes care of your original question, please select Thread Tools from the menu link above and mark this thread as SOLVED. Thanks.

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