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How many hours each employee should work to get to a certain percentage of total hrs

  1. #1
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    Question How many hours each employee should work to get to a certain percentage of total hrs

    I am trying to come up with a formula that will calculate how many hours each employee should work to get to a certain percentage of the total hours worked, while keeping the costs at a certain dollar amount.

    Basically:
    Total budget = $100k
    Mike's hourly rate = $45/hr
    Sean's hourly rate = $39/hr
    Mike needs to work 40% of the total hours
    Sean needs to work 60% of the total hours
    The total cost must be $100k

    How many hours is each employee working?

    I attached a spreadsheet that should explain more clearly what I'm looking for.

    I would really appreciate any help! Thanks in advance!
    Attached Files Attached Files
    Last edited by Pepe Le Mokko; 09-16-2019 at 12:00 PM.

  2. #2
    Forum Expert PaulM100's Avatar
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    Re: HELP: Budgeting Question

    Try: =$B$3*$F17/$B17
    Click the * to say thanks.

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    Re: HELP: Budgeting Question

    If M is mikes hours and S is seans hours


    100000=45M+39S

    100000=45M+39*m*1.5 as sean works 60% vs 40%

    100000=45m+58.5M

    100000=103.5M


    m=100000/103.5

    mike works 966.18 hours and sean works this x 1.5 = 1449.28 hours

  4. #4
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    Re: HELP: Budgeting Question

    you could solve using goalseek with c18=c17*1.5

    set cell d19
    to value 100000
    by changing cell c17

    but this is a lazy approach and probably takes longer!

  5. #5
    Forum Expert Pepe Le Mokko's Avatar
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    Re: HELP: Budgeting Question

    Administrative Note:

    Welcome to the forum.

    We would very much like to help you with your query, however the thread title does not really convey what your request is about.

    Please take a moment to amend your thread title. Make sure that the title properly explains your request. Your title should be explicit and not be generic (this includes function names used without an indication of what you are trying to achieve).

    Please see Forum Rule #1 about proper thread titles and adjust accordingly. To edit the thread title, open the original post to edit and then click on Go Advanced (bottom right) to access the area where you can edit your title.

    I did it for you this time

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