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 (\$)