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) 

To calculate the job cost, sum the material costs with the product of the labor cost per hour and the number of hours needed.

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 ($)