Calculate hourly rate when SOME of the records are LESS than an hour?

SWLee

New Member
Joined
Oct 17, 2013
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11
My formula is Daily Rate / (Total Hours * 24)
Worked great until I hit a computation with 53 minutes.
Background: job pays $45, and can take up to 3 hours, but often takes less time. For the first time, the job only took 53 minutes. The formula returns an hourly rate of $0.08 instead of a little over $45. I need a formula that returns the correct results regardless of how long it takes to perform the job. Is there anything simpler than IF statements?
 

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Could you give us some more detail of the format of the data for 'Daily Rate' and 'Total Hours'?
And an example of the actual calculation when the Total Hours is, say, 3 hours?
 
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