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https://www.saviom.com/blog/billable-hours-consulting/
To state a billable hour example, suppose the contract of a ten-hour project states that 80% of total working hours will be considered billable. In this case, the client will pay the consultant for eight hours even if they have spent a total of ten working hours. Billable hours can be of any percentage value e.g. 80%, 90%, or even 100%.Estimated Reading Time: 9 mins
https://www.education.ne.gov/wp-content/uploads/2017/07/pricingcalculatingbreakevenpoints.pdf
The "unit" produced in this example is one hour of consulting. In our example, the number of hours required just to cover costs is 2,000. $30,000 $30 - $15 = 2,000 units (hours per year) If you assume consulting hours are spread out evenly over a 50-week work year, 40 hours must be billed and collected each week just to break-even.
https://www.indeed.com/career-advice/pay-salary/consultant-hourly-rate
Mar 23, 2021 · Divide your weekly pay by 40 working hours per week and you have your hourly pay. Multiply your hourly pay by three. For example, to calculate an hourly rate from an annual salary of $75,000, the formula would look like this: (75,000 / 50) / 40 = $37.50 per hour. 37.5 x 3 = $112.50 per hour for your hourly consulting fee.
https://www.automateexcel.com/formulas/calculate-hours-worked/
Calculate Hours with a Simple Formula. We can calculate the hours worked by deducting the end time from the start time. The information has to be entered into Excel in a correct time format for the formula to work. 1. = (D3 - C3) * 24. The formula D3-C3 will give us the percentage of the day worked based on 24 hours in a day.Estimated Reading Time: 3 mins
https://www.projectorpsa.com/blog/three-key-questions-you-need-to-answer-when-measuring-utilization/
Nov 29, 2020 · Billable Utilization Formula. You may be wondering, what is resource utilization? On the face of it, resource utilization is a simple concept that measures how busy people are. You take the hours that people are busy, divide by the hours they’re available and come up with a percentage.
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