I am looking for a formula to calculate overtime on a weekly basis, entered daily, on a sheet with multiple weeks. It need it to calculate the overtime each week.
I am looking for a formula to calculate overtime on a weekly basis, entered daily, on a sheet with multiple weeks. It need it to calculate the overtime each week.
Last edited by EMATS480; 04-21-2014 at 04:21 PM.
In words:
overtime =sum(mon:fri)-weekly basis
If you want excel formulas we need an Excel file.
Willem
English is not my native language sorry for errors
Please correct me if I'm completely wrong
column AK is where I need the formula. the first 2 are salary, so no OT.
Thanks
For first week you can calculate overtime hours by this formula
=IF(SUM(B13:F13)-($B$6*5)<0,0,SUM(B13:F13)-($B$6*5))
You can calculate overtime for each week in multiple columns by putting the same formula just change the range of SUM(Range) in formula
Hope it will solve your issue
Thank you, that gets me part of the way. I need to also account for the first 40 hours, so a formula to determine there were 40 hours in the range, and multiply it by the base rate.
You mentioned in your worksheet that Hours per work day are 10. So if you have 5 working days week that you have 50 hours for your week.
Please make it clear that you have 40 working hours per week or 50 working hours per week?
The work week will vary per job per week. The formula needs to calculate all hours 40 or less at the base rate and all hours over 40 at the OT rate for each week (color coded). I am listing 5 working days for the week, but may expand to 6.
Thank you
Put this formula in cell AK13 to calculate basic pay for 1st week
=IF(SUM(B13:F13)<=40,SUM(B13:F13)*VLOOKUP(Sheet1!A13,RATES!$A$1:$B$45,2,FALSE),40*VLOOKUP(Sheet1!A13,RATES!$A$1:$B$45,2,FALSE))
and this formula in cell AM13 to calculate OT for first week
=IF(SUM(B13:F13)>40,(SUM(B13:F13)-40)*VLOOKUP(A13,RATES!$A$1:$E$45,4,FALSE),0)
Hope it will help you
Please check the attachment
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