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How to calculate standard hours, and overtime premium seperately

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  1. #1
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    08-06-2011
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    MS-Off Ver
    Excel 2003
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    How to calculate standard hours, and overtime premium seperately

    Hi,

    I need to find a formula that can calculate and seperate overtime premium from total hours worked.

    If someone works 49 hours, and is contracted for 39 hours, I need the hours to be calculated as below

    Total hours 49 49
    Overtime premium at 1/3 of time 4 (restricted to 4 hours) 4
    Overtime premium at 1/2 of time 4 (restricted to 4 hours) 4
    Overtime premium at double time 2 (no restriction 2

    I have attached a sample spreadsheet.

    Many thanks

    Sean
    Attached Files Attached Files

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