How To Multiply Hours And Minutes By An Hourly Rate In Excel Here we will first multiply the cells then format the cells into the number format So let us see a simple process to know how you can multiply hours and minutes by an hourly rate in Excel
In Excel datetimes are actually numbers where days are integer part of the number and time is decimal one One day is equal to 1 Thus 1 hour 1 24 1 minute 1 24 60 etc 45 min will be 45 24 60 Multiply on 19 totally 19 45 24 60 and apply time format It returns 14 15 00 I have devised a time sheet which gives me the total hours worked for each day I now want to create a formula to multiply the total hours worked by an hourly rate to give me my pay costs please can you tell me the formula I need to do this please
How To Multiply Hours And Minutes By An Hourly Rate In Excel
How To Multiply Hours And Minutes By An Hourly Rate In Excel
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What is the formula to multiply by hours What I am looking for is total hours 15 28 that would be 15 hours 28 minutes or 15 47 hours times 20 hour If 15 28 is in B1 and 20 is in C1 ROUND C1 B1 24 2 Excel stores times as a fraction of a day 1 hour 1 24 1 minute 1 1440 1 second 1 86400 So B1 24 produces decimal hours 15 In order to make Excel tot up the hours worked beyond 24 I m using the custom cell format h mm This is giving me the correct total hours and minutes worked minutes are being rounded to the nearest 15 prior to input However when I try to multiply this total by the hourly wage I m getting an inaccurate way too low result
Multiply hours and minutes by an hourly rate with formula in Excel Amazing Using Efficient Tabs in Excel Like Chrome Edge Firefox and Safari Save 50 of your time and reduce thousands of mouse clicks for you every day The following simple formula may help you to calculate the payment based on the hour and rate please do as this 1 So to get the hours as a number we need to multiply the cell with 24 first When we multiply cell B2 with 24 we get 44 as the whole number Now we can multiply it with C2 to get the correct value In cell D2 write this formula and copy it in cells below C2 24 B2 This will work in all versions of Microsoft Excel as it is simple math
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To multiply hours and minutes together in Excel you can first convert the hours and minutes into total minutes then perform the multiplication and finally convert the result back to hours and minutes Step 1 Convert the hours to total minutes by multiplying by 60 Step 2 Add the remaining minutes to the total minutes from step 1 0 I have a total of hours in hh mm format and I need to multiply it with hourly rate for example 22 per hours How can I achieve this in excel
A formula to multiply hour and minutes to each rate 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 This is great when you want to display hours and minutes but it is inconvenient when you want to for example multiply calculated hours by an hourly rate For such calculations you will want to convert the result to decimal hours
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How To Multiply Hours And Minutes By An Hourly Rate In Excel - To multiply hours by a value in Excel we first need to multiply the hours by 24 because this way we can convert the hours we see into the real number for example two hours into number two four and