Budget Projections

[rriddleusmc]

This is my first time to post a thread. We have hourly amounts remaining on projects, we want to project cost at 40 hour work weeks and 50 hour work weeks. We simply multiply the 40 hour budgets times the straight time rate, but we need to calculate the over time on the 50 hour budgets.
examples:
600 hours on 40 hour budget at $25 and hour is $15,000. However on a 50 hour budget it would include 480 straight time hours and 120 overtime hours for a budget of $16,500. Our data is hourly bugets in column "A". In column "B" we did =A3*straighttimerate. Is there a formula that can calculate 40hrs straight time then 10hrs over time until the budget runs out? We are working with Microsoft Office Proffesional 2007 with Excel 2007 but need to remain compatible with Excel 2003.
<TABLE style="WIDTH: 254pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width=338 border=0><COLGROUP><COL style="WIDTH: 77pt; mso-width-source: userset; mso-width-alt: 3766" width=103><COL style="WIDTH: 92pt; mso-width-source: userset; mso-width-alt: 4461" width=122><COL style="WIDTH: 85pt; mso-width-source: userset; mso-width-alt: 4132" width=113><TBODY><TR style="HEIGHT: 15pt" height=20><TD class=xl63 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext 0.5pt solid; BORDER-LEFT: windowtext 0.5pt solid; WIDTH: 77pt; BORDER-BOTTOM: windowtext 0.5pt solid; HEIGHT: 15pt; BACKGROUND-COLOR: yellow" width=103 height=20>Budget (hours)</TD><TD class=xl63 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext 0.5pt solid; BORDER-LEFT: windowtext; WIDTH: 92pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: yellow" width=122>straight time ($25)</TD><TD class=xl63 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext 0.5pt solid; BORDER-LEFT: windowtext; WIDTH: 85pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: yellow" width=113>over time ($37.5)</TD></TR><TR style="HEIGHT: 15pt" height=20><TD class=xl64 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext 0.5pt solid; BORDER-BOTTOM: windowtext 0.5pt solid; HEIGHT: 15pt; BACKGROUND-COLOR: transparent" height=20>240</TD><TD class=xl65 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent">$6,000.00</TD><TD class=xl64 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent">?</TD></TR><TR style="HEIGHT: 15pt" height=20><TD class=xl64 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext 0.5pt solid; BORDER-BOTTOM: windowtext 0.5pt solid; HEIGHT: 15pt; BACKGROUND-COLOR: transparent" height=20>4652</TD><TD class=xl65 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent">$116,300.00</TD><TD class=xl64 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent">?</TD></TR><TR style="HEIGHT: 15pt" height=20><TD class=xl64 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext 0.5pt solid; BORDER-BOTTOM: windowtext 0.5pt solid; HEIGHT: 15pt; BACKGROUND-COLOR: transparent" height=20>152</TD><TD class=xl65 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent">$3,800.00</TD><TD class=xl64 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent">?</TD></TR><TR style="HEIGHT: 15pt" height=20><TD class=xl64 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext 0.5pt solid; BORDER-BOTTOM: windowtext 0.5pt solid; HEIGHT: 15pt; BACKGROUND-COLOR: transparent" height=20>258</TD><TD class=xl65 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent">$6,450.00</TD><TD class=xl64 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent">?</TD></TR><TR style="HEIGHT: 15pt" height=20><TD class=xl64 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext 0.5pt solid; BORDER-BOTTOM: windowtext 0.5pt solid; HEIGHT: 15pt; BACKGROUND-COLOR: transparent" height=20>645</TD><TD class=xl65 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent">$16,125.00</TD><TD class=xl64 style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent">?</TD></TR></TBODY></TABLE>

 

[Fazza]