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Formula for overtime rate

  1. #1
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    Lightbulb Formula for overtime rate

    * I need help on the "EDIT" part. I posted a thread about the first problem yesterday and saved it as SOLVED already. But I had another connecting problem, so I figured it'd be best to quote my previous situation to understand my current question better.

    Let's say for example I have a work overtime of 1 hour and 15 minutes (1:15). For each overtime hour, the rate is $66.56, and for each overtime minute, the rate is $1.10 (The price is bit high because I'm using the value for my country, not the dollar rate).

    In this case, the solution would be (# of hours x 66.56) + (# of minutes x 1.1) = overtime pay. Thus, (1 x 66.56) + (15 x 1.1) = 83.06 (the overtime pay that I would be receiving).

    Is it possible to encode a formula in excel in this way? That if I input the hours and minutes of overtime, the specific cell would automatically solve like this?

    I hope someone can help me! Thank you!

    EDIT: (I need help on this part)

    If I am absent on a specific day, I obviously wouldn't have any overtime. How do I add the IF FUNCTION in the formula << =HOUR(A1)*66.56+MINUTE(A1)*1.1 >> ?

    If I just leave it blank, it would just show an error: #NUM!

    Thanks for your help!
    Last edited by mishxco; 06-06-2013 at 10:40 PM.

  2. #2
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    HOME: Excel 2007 - WORK: Excel 2013

    Re: Formula for overtime rate


    Ensure you describe your problem clearly, I have little time available to solve these problems and do not appreciate numerous changes to them.

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