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How do I calculate and accumulate values in an Excel row depending on the values ?

Posted on 2013-01-24
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Last Modified: 2013-01-24
Hi Experts,

I have an Excel 2010 worksheet which calculates the total expected annual rates of pay for  contractors.

Against the name of a contractor is :

a) a daily rate of pay in £
b) month columns from Jan to Dec with either a value of 1 (contractor expected to work) or 0 (contractor expected not to work)
c) the average number of days per month (ANDM) a contractor is expected to work - 21.7 in this case.
d) the total amount of pay expected to be earned by the contractor for the whole year, calculated by multiplying each month (which has a value of 1) by the ANDM multiplied by the daily rate of pay.

I'm struggling to come up with a solution for item d).

I guess the answer is an array formula but I'm not sure how to accumulate the monthly amounts based on whether they are expected to work.

I've attached an example file.

Thanks
Toco
Annual-Rates.xlsx
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Question by:Tocogroup
2 Comments
 
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Accepted Solution

by:
als315 earned 500 total points
ID: 38815409
May be:
=SUM(C4:N4)*O4*B4
add it t first string and extend down.
Annual-Rates.xlsx
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Author Closing Comment

by:Tocogroup
ID: 38815825
Nice solution.
Many thanks
Toco
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