Enter the material cost (\$), the labor cost per hour (\$/hr), and the total hours needed for job (hr) into the Job Cost Calculator. The calculator will evaluate and display the Job Cost.

## Job Cost Formula

The following formula is used to calculate the Job Cost.

JC = MC + L * T

• Where JC is the Job Cost (\$)
• MC is the material cost (\$)
• L is the labor cost per hour (\$/hr)
• T is the total hours needed for job (hr)

## How to Calculate Job Cost?

The following example problems outline how to calculate Job Cost.

Example Problem #1

1. First, determine the material cost (\$). The material cost (\$) is given as 130 .
2. Next, determine the labor cost per hour (\$/hr). The labor cost per hour (\$/hr) is calculated as  30 .
3. Next, determine the total hours needed for job (hr). The total hours needed for job (hr) is found to be 50.
4. Finally, calculate the Job Cost using the formula above:

JC = MC + L * T

Inserting the values from above yields:

JC = 130 + 30 * 50 = 1630 (\$)

Example Problem #2

The variables needed for this problem are provided below:

material cost (\$) = 600

labor cost per hour (\$/hr) = 30

total hours needed for job (hr) = 50

Entering these values and solving gives:

JC = 600 + 30 * 50 = 2100 (\$)