Description
Sum nonnegative attendeeHourlyRates, multiply by durationMinutes / 60 for laborCost, and add fixedCost.
A cost term combines quantities with rates on a consistent currency and time basis. A supplied multiplier or reimbursement changes accounting without determining an entitlement or market price.
Sum nonnegative attendeeHourlyRates, multiply by durationMinutes / 60 for laborCost, and add fixedCost.
When to use this tool
Use Meeting Cost Attendee Minute Term when you need an explicit labor, time, or project-cost component.
How to use the tool and how it works
- Enter attendeeHourlyRates, durationMinutes, fixedCost. Use the units and conventions below.
- Run the tool. Correct any format, range, or cross-field input error before interpreting the output.
- Read laborCost, totalCost. Use the output convention below.
Sum nonnegative attendeeHourlyRates, multiply by durationMinutes / 60 for laborCost, and add fixedCost.1
| Input field | Meaning and units | Accepted input |
|---|---|---|
| attendeeHourlyRates | Attendee Hourly Rates | Required. Array of finite number; maximum items 256. |
| durationMinutes | Elapsed duration in minutes. | Required. Finite number; minimum 0. |
| fixedCost | Fixed Cost | Required. Finite number; minimum 0. |
| Output field | Interpretation | Returned shape |
|---|---|---|
| laborCost | Labor Cost | Required. Finite number. |
| totalCost | Total Cost | Required. Finite number. |
{
"input": {
"attendeeHourlyRates": [
30,
60
],
"durationMinutes": 40,
"fixedCost": 10
},
"output": {
"laborCost": 60,
"totalCost": 70
}
}Limitations and assumptions
- Use one currency and assume all attendees remain for the full meeting; benefits, opportunity costs, and differing attendance durations are omitted.
- Inputs must satisfy both the field types and the cross-field conditions above. Invalid input causes an error; a successful false flag or documented placeholder is a different result.
- Numeric calculations use binary floating point unless exact decimal-integer arithmetic is explicitly stated. No hidden measurement tolerance or decimal rounding is added; nonfinite or out-of-contract results are rejected. Numeric signed-zero results are exported as zero.
Alternative or Complementary methods
Reconcile the full cost model and relevant contractual or payroll policy before treating a component as a final charge.
References
Similar or alternative tools
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