Calculate dollars per hour based on work in seconds

Jeffrey Coachman
Jeffrey Coachman used Ask the Experts™
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I need to calculate dollars per hour based on work in seconds.
Example
Suppose I have 1 item
This item weighs 6 ounces (37.5% of a pound)
This item costs .22 per pound (22 cents)
So this item is worth .08 (8 cents)
It took me 2 seconds (.06% of an hour) to "Process" this item to get the 8 cents.
So this is .08 per every 2 seconds (or .04 per every 1 second)
at 3600 seconds per hour,...this is .04*3600
...or 144 cents ($1.44)
This works out to be 1.44 per hour, ....is this correct?
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Jeffrey CoachmanMIS Liason
Most Valuable Expert 2012

Author

Commented:
if any of this is unclear, ...let me know
Mechanical Engineer
Most Valuable Expert 2013
Top Expert 2013
Commented:
You are off by a factor of 100. Actual income is $148.50 per hour

6 oz * $0.22/lb * 16 oz/lb = $0.0825 income per piece
$.0825/piece *3600 sec/hr / 2 sec/piece = $148.50/hr
Jeffrey CoachmanMIS Liason
Most Valuable Expert 2012

Author

Commented:
Thanks Brad.

It has been a busy day for me....
Jeffrey CoachmanMIS Liason
Most Valuable Expert 2012

Author

Commented:
Thanks

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