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MS Office Forum / Excel / Worksheet Functions / March 2008

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How to multiply hours by a dollar amount

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Teri - 13 Mar 2008 20:45 GMT
Thanks to Biff for helping me get the first of my timesheet problems figured
out.  Now I am hoping to be able to take the amount of hours and multiply it
by a dollar amount to get a total.

So I want to take 25:30 (column a) and multiply that by $5 hour (column c)
to get a grand total.

So I put in: =a28*c28 and it gives me $3.92 which is obviously not right.

Column a is formatted as [h:mm] and column c is formatted as currency which
I think is where my problem is but don't know what I need to do to fix it.

Thanks for any insight.
Mike H - 13 Mar 2008 21:00 GMT
Hi,

I think your time formula is probably [h]:mm and to get the answer you want
try this

=(A1*24)*B1

Where a1 is your time and B1 is the hourly rate. Ensure the answer cell is
formatted general.

Mike

> Thanks to Biff for helping me get the first of my timesheet problems figured
> out.  Now I am hoping to be able to take the amount of hours and multiply it
[quoted text clipped - 9 lines]
>
> Thanks for any insight.
RagDyer - 13 Mar 2008 21:04 GMT
Try this:

=A28*24*C28

in a cell formatted to Number or General.
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RD

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> Thanks to Biff for helping me get the first of my timesheet problems
> figured
[quoted text clipped - 12 lines]
>
> Thanks for any insight.
Rich/rerat - 13 Mar 2008 21:08 GMT
Teri,
Try in D8 formatting it to $0.00
=a28*c28*24
Which will give you $127.50

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<<Previous Text Snipped to Save Bandwidth When Appropriate>>

Thanks to Biff for helping me get the first of my timesheet problems figured
out.  Now I am hoping to be able to take the amount of hours and multiply it
by a dollar amount to get a total.

So I want to take 25:30 (column a) and multiply that by $5 hour (column c)
to get a grand total.

So I put in: =a28*c28 and it gives me $3.92 which is obviously not right.

Column a is formatted as [h:mm] and column c is formatted as currency which
I think is where my problem is but don't know what I need to do to fix it.

Thanks for any insight.
 
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