Calculate pay budget for certain employees

CMDohm

New Member
Joined
Nov 4, 2004
Messages
5
I have a chart of employees - both regular and contract. I want to estimate my yearly budget for contractors.
Excel Workbook
ABCDEFGHIJKLM
1NameRateMar 2011Apr 2011May 2011Jun 2011Jul 2011Aug 2011Sep 2011Oct 2011Nov 2011Dec 2011Expected Result
2184168168176160184168168168168
3Employee 1$ 50.00CCCCCCCCC$ 77,200.00
4Employee 2$ 45.45CCCCCCCCC$ 69,447.60
5Employee 3$ -FFFFFFFFFF$ -
6Employee 4$ -FF$ -
7Employee 5$ -FFFFFFFFFF$ -
8Employee 6$ -FFFFFFFFFF$ -
2011Current
Excel 2007
Cell Formulas
RangeFormula
C2=8*23
D2=8*21
E2=8*21
F2=8*22
M3=(C2*B3)+(D2*B3)+(E2*B3)+(F2*B3)+(G2*B3)+(H2*B3)+(I2*B3)+(J2*B3)+(K2*B3)
M4=(D2*B4)+(E2*B4)+(F2*B4)+(G2*B4)+(H2*B4)+(I2*B4)+(J2*B4)+(K2*B4)+(L2*B4)


I want to calculate the total contract cost for each person based on the code, rather than by hand as is done here. If they were a contractor Jan-June and then hired, multiply the total hours in Jan-June by their rate, then sum the results.

Hope I explained it well....
 

Excel Facts

Wildcard in VLOOKUP
Use =VLOOKUP("Apple*" to find apple, Apple, or applesauce
Would you like a VBA code for this?
and also, do they only work on the weekdays?

Lastly, what are C1 to L1 formatted as?
 
Upvote 0
You can also automate column C to L with this formula
Put this in C3 and copy right and copy down.

=8 * NETWORKDAYS(C$1, EOMONTH(C$1,0))

However, this requires Analysis Tool Pack to be referenced and your headers in colC to L to be in date format.
 
Upvote 0
Thanks! I tried the SUMIF function and it worked like a charm. I can see how the SUMPRODUCT would work as well.

I do this so infrequently these days...it's hard to remember the array stuff. The help is most appreciated!
 
Upvote 0

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