Calculating cost of time

Resolved · Urgent Priority · Version 2010

Tue 22 Apr 2014, 16:01 Delegate Elaine said...

Elaine has attended:
Excel Intermediate course
Excel Advanced course

Calculating cost of time

I current have a worksheet in which I need to calculate the cost of phone calls based on their duration. In Column A I have a list of call durations in a hh:mm:ss format. In column B I have the cost per minute rate i.e. £0.10.
(These rates vary throughout the spreadsheet based on whether the call was local, national, international etc) How can I calculate the cost of each call?
In addition, I need to calculate them on a per second basis.
I know that a call that lasts 00:01:00 = 10p and that if the call lasts 00:00:30 = 5p but how do I calculate it on an Excel 2010 spreadsheet?? Please help!

Tue 22 Apr 2014, 16:25 Trainer Gary said...

RE: Calculating cost of time

Hi Elaine

Thanks for getting in touch. This should be fairly straightforward with perhaps a VLOOKUP and maybe dividing by sixty to get seconds. Would you be able to provide a dozen or so lines of the data to make sure my advice is accurate?

Feel free to paste it into your reply, of course you should delete the actual numbers called.

Kind regards

Gary Fenn
Microsoft Office Specialist Trainer

Tel: 0207 987 3777
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Tue 29 Apr 2014: Automatically marked as resolved.

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Excel tip:

Editing Formulas in Excel Cells

Although people like to edit a formula in the Formula bar, you can also edit a formula in the cell.

To do this select the cell and press "F2". This puts Excel into Edit mode, and you can move around in the cell and make any necessary changes.

Double-clicking the cell also puts Excel in Edit mode.

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