# Time Cost Formula

#### buxguy

##### New Member
I am trying to create a spreadsheet that will give me time cost by calculating service hours by cost/hour. In cell M3 I am using the time format h:mm and entering 3:00. My cost/hour is \$75 dollars and in cell N3 my formula reads as =m3*75, which returns \$9.38. I know that if my service time is 3 hours then my time cost should be \$225. How can I have excel return the correct time cost?

### Excel Facts

Return population for a City
If you have a list of cities in A2:A100, use Data, Geography. Then =A2.Population and copy down.
buxguy said:
I am trying to create a spreadsheet that will give me time cost by calculating service hours by cost/hour. In cell M3 I am using the time format h:mm and entering 3:00. My cost/hour is \$75 dollars and in cell N3 my formula reads as =m3*75, which returns \$9.38. I know that if my service time is 3 hours then my time cost should be \$225. How can I have excel return the correct time cost?

You'll need to convert your hours to a decimal by multiplying by 24 then multiply by cost

THANK YOU!

Replies
6
Views
192
Replies
7
Views
432
Replies
4
Views
457
Replies
8
Views
197
Replies
0
Views
187

1,206,711
Messages
6,074,467
Members
446,071
Latest member
gaborfreeman

### We've detected that you are using an adblocker.

We have a great community of people providing Excel help here, but the hosting costs are enormous. You can help keep this site running by allowing ads on MrExcel.com.
Allow Ads at MrExcel

### Which adblocker are you using?

Follow these easy steps to disable AdBlock

1)Click on the icon in the browser’s toolbar.
2)Click on the icon in the browser’s toolbar.
2)Click on the "Pause on this site" option.
Go back

### Disable AdBlock Plus

Follow these easy steps to disable AdBlock Plus

1)Click on the icon in the browser’s toolbar.
2)Click on the toggle to disable it for "mrexcel.com".
Go back

### Disable uBlock Origin

Follow these easy steps to disable uBlock Origin

1)Click on the icon in the browser’s toolbar.
2)Click on the "Power" button.
3)Click on the "Refresh" button.
Go back

### Disable uBlock

Follow these easy steps to disable uBlock

1)Click on the icon in the browser’s toolbar.
2)Click on the "Power" button.
3)Click on the "Refresh" button.
Go back