Hourly Cost Worker Calculator

✖Monthly Salary defines the salary or wage given in a month.ⓘ Monthly Salary [S_m]			+10% -10%
✖Machine Hours is the annual operational construction hour for a machine.ⓘ Machine Hours [H_mh]			+10% -10%

✖Hourly Cost for the workers is determined based on the annual cost over the operational hours during a year.ⓘ Hourly Cost Worker [H_c]

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Formula

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Hourly Cost Worker

Formula

`"H"_{"c"} = 12*"S"_{"m"}/"H"_{"mh"}`

Example

`"96.00048"=12*"2000.01"/"250h"`

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Hourly Cost Worker Solution

STEP 0: Pre-Calculation Summary

Formula Used

Hourly Cost = 12*Monthly Salary/Machine Hours
H_c = 12*S_m/H_mh
This formula uses 3 Variables

Variables Used

Hourly Cost - Hourly Cost for the workers is determined based on the annual cost over the operational hours during a year.
Monthly Salary - Monthly Salary defines the salary or wage given in a month.
Machine Hours - (Measured in Hour) - Machine Hours is the annual operational construction hour for a machine.

STEP 1: Convert Input(s) to Base Unit

Monthly Salary: 2000.01 --> No Conversion Required
Machine Hours: 250 Hour --> 250 Hour No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

H_c = 12*S_m/H_mh --> 12*2000.01/250

Evaluating ... ...

H_c = 96.00048

STEP 3: Convert Result to Output's Unit

96.00048 --> No Conversion Required

FINAL ANSWER

96.00048 <-- Hourly Cost

(Calculation completed in 00.004 seconds)

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Credits

Created by Chandana P Dev

NSS College of Engineering (NSSCE), Palakkad

Chandana P Dev has created this Calculator and 500+ more calculators!

Verified by Mithila Muthamma PA

Coorg Institute of Technology (CIT), Coorg

Mithila Muthamma PA has verified this Calculator and 700+ more calculators!

< 11 Management of Construction Equipment Calculators

Average Investment if Salvage Value is not 0

Go Average Investment = (Salvage*(Useful Life-1)+Capital Cost*(Useful Life+1))/(2*Useful Life)

Horsepower given Quantity of Oil

Go Engine power = (Quantity of Oil-(Crankcase Capacity/(5*Time between Change of Oil)))*(0.74/(0.0027*Operating Factor))

Quantity of Lubricating Oil

Go Quantity of Oil = (Engine power*Operating Factor*0.0027/0.74)+(Crankcase Capacity/(5*Time between Change of Oil))

Capacity of Crankcase when Quantity of Oil is Determined

Go Crankcase Capacity = 5*Time between Change of Oil*(Quantity of Oil-(Engine power*Operating Factor*0.0027/0.74))

Average Investment when Salvage value is 0

Go Average Investment = ((1+Useful Life)/(2*Useful Life))*Capital Cost

Capital Cost when Salvage Value is 0

Go Capital Cost = (2*Useful Life*Average Investment)/(1+Useful Life)

Depreciation Cost when Straight Line Method is Assumed

Go Depreciation = (Total Cost-Scrap Value)/Useful Life

Book Value for New Machine

Go Book Value = (Hourly Depreciation*Life Span)/0.9

Life Span of Machine

Go Life Span = 0.9*Book Value/Hourly Depreciation

Hourly Depreciation

Go Hourly Depreciation = 0.9*Book Value/Life Span

Hourly Cost Worker

Go Hourly Cost = 12*Monthly Salary/Machine Hours

Hourly Cost Worker Formula

Hourly Cost = 12*Monthly Salary/Machine Hours
H_c = 12*S_m/H_mh

What are the factors affecting the Cost of Owning and Operating the Construction Equipment?

The different major costs contributing to the cost of owning and operating construction equipment are as follows:
1. Depreciation Cost
2. Investment Cost
3. Maintenance and Repair Cost
4. Operation Costs
a. Repair charges
b. Depreciation on tyres and tubes
c. Labour charges
d. Fuel charges
e. Operation and maintenance crew charges
f. Miscellaneous supplies
5. Downtime Cost
6. Obsolescence Cost
7. Replacement Cost

What is Down Time Cost?

Down time is called as a time where the machine does not work due to some repair or adjustments. Down time tends to increase with usage. It denotes the availability of an equipment for actual production and hence can be used to find the productivity of an equipment. Reduced productivity means high unit cost of production.

How to Calculate Hourly Cost Worker?

Hourly Cost Worker calculator uses Hourly Cost = 12*Monthly Salary/Machine Hours to calculate the Hourly Cost, The Hourly Cost Worker formula is defined as the hourly payment for a worker during construction work. It is the handling charges for the machine. Hourly Cost is denoted by H_c symbol.

How to calculate Hourly Cost Worker using this online calculator? To use this online calculator for Hourly Cost Worker, enter Monthly Salary (S_m) & Machine Hours (H_mh) and hit the calculate button. Here is how the Hourly Cost Worker calculation can be explained with given input values -> 96 = 12*2000.01/900000.

FAQ

What is Hourly Cost Worker?

The Hourly Cost Worker formula is defined as the hourly payment for a worker during construction work. It is the handling charges for the machine and is represented as H_c = 12*S_m/H_mh or Hourly Cost = 12*Monthly Salary/Machine Hours. Monthly Salary defines the salary or wage given in a month & Machine Hours is the annual operational construction hour for a machine.

How to calculate Hourly Cost Worker?

The Hourly Cost Worker formula is defined as the hourly payment for a worker during construction work. It is the handling charges for the machine is calculated using Hourly Cost = 12*Monthly Salary/Machine Hours. To calculate Hourly Cost Worker, you need Monthly Salary (S_m) & Machine Hours (H_mh). With our tool, you need to enter the respective value for Monthly Salary & Machine Hours and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.

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