Enter the total time of agreement (hrs) and the hourly rate ($/hr) into the Calculator. The calculator will evaluate the Agreement Cost. 

Agreement Cost Formula

AC = T * HR

Variables:

  • AC is the Agreement Cost ($)
  • T is the total time of agreement (hrs)
  • HR is the hourly rate ($/hr)

To calculate Agreement Cost, multiply the agreement time by the hourly rate.

How to Calculate Agreement Cost?

The following steps outline how to calculate the Agreement Cost.

  1. First, determine the total time of agreement (hrs). 
  2. Next, determine the hourly rate ($/hr). 
  3. Next, gather the formula from above = AC = T * HR.
  4. Finally, calculate the Agreement Cost.
  5. After inserting the variables and calculating the result, check your answer with the calculator above.

Example Problem : 

Use the following variables as an example problem to test your knowledge.

total time of agreement (hrs) = 300

hourly rate ($/hr) = 70