Description
Charge regularHours at baseRate and overtimeHours at baseRate × multiplier.
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.
Charge regularHours at baseRate and overtimeHours at baseRate × multiplier.
When to use this tool
Use Resource Overtime Premium One Shift when you need an explicit labor, time, or project-cost component.
How to use the tool and how it works
- Enter regularHours, overtimeHours, baseRate, multiplier. Use the units and conventions below.
- Run the tool. Correct any format, range, or cross-field input error before interpreting the output.
- Read regularCost, overtimeCost, premium, total. Use the output convention below.
Charge regularHours at baseRate and overtimeHours at baseRate × multiplier. Return the overtime premium above base rate and total cost.1
| Input field | Meaning and units | Accepted input |
|---|---|---|
| regularHours | Regular Hours | Required. Finite number; minimum 0. |
| overtimeHours | Overtime Hours | Required. Finite number; minimum 0. |
| baseRate | Base Rate | Required. Finite number; minimum 0. |
| multiplier | Multiplier | Required. Finite number; minimum 1. |
| Output field | Interpretation | Returned shape |
|---|---|---|
| regularCost | Regular Cost | Required. Finite number. |
| overtimeCost | Overtime Cost | Required. Finite number. |
| premium | Premium | Required. Finite number. |
| total | Total | Required. Finite number. |
{
"input": {
"regularHours": 8,
"overtimeHours": 2,
"baseRate": 20,
"multiplier": 1.5
},
"output": {
"regularCost": 160,
"overtimeCost": 60,
"premium": 20,
"total": 220
}
}Limitations and assumptions
- Multiplier is at least one and rates use one currency per hour; this does not determine statutory overtime eligibility, taxes, or payroll rounding.
- 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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