I need a formula that will determine the billable day on a pro-rata basis from total hours worked - the qualification is that more than 10 hours must be worked on any one day for that day to be billed as greater than a single working day. Further, only the hours beyond 10 are counted in the pro-rata calculation. I also require the formula to round to the nearest 0.025.
DAY: Mon Tue Wed Thu Fri Sat
Hrs: 4 10 9 12 13 5
Billable days: 0.500 1.000 1.000 1.250 1.375 0.625
DAY: Mon Tue Wed Thu Fri Sat
Hrs: 4 10 9 12 13 5
Billable days: 0.500 1.000 1.000 1.250 1.375 0.625