Description
Multiply each provider's minutes by their hourly rate and divide the sum by 60 for gross.
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.
Multiply each provider's minutes by their hourly rate and divide the sum by 60 for gross.
When to use this tool
Use Midwifery Visit Assistant Hour Cost Term when you need an explicit labor, time, or project-cost component.
How to use the tool and how it works
- Enter leadMinutes, assistantMinutes, leadHourly, assistantHourly, reimbursed. Use the units and conventions below.
- Run the tool. Correct any format, range, or cross-field input error before interpreting the output.
- Read gross, net, assistantShare. Use the output convention below.
Multiply each provider's minutes by their hourly rate and divide the sum by 60 for gross. Subtract reimbursed for net and divide assistant minutes by total provider minutes for assistantShare.1
| Input field | Meaning and units | Accepted input |
|---|---|---|
| leadMinutes | Lead Minutes | Required. Finite number; minimum 0. |
| assistantMinutes | Assistant Minutes | Required. Finite number; minimum 0. |
| leadHourly | Lead Hourly | Required. Finite number; minimum 0. |
| assistantHourly | Assistant Hourly | Required. Finite number; minimum 0. |
| reimbursed | Reimbursed | Required. Finite number; minimum 0. |
| Output field | Interpretation | Returned shape |
|---|---|---|
| gross | Gross | Required. Finite number. |
| net | Net | Required. Finite number. |
| assistantShare | Assistant Share | Required. Finite number. |
{
"input": {
"leadMinutes": 60,
"assistantMinutes": 30,
"leadHourly": 50,
"assistantHourly": 30,
"reimbursed": 10
},
"output": {
"gross": 65,
"net": 55,
"assistantShare": 0.3333333333333333
}
}Limitations and assumptions
- Use one currency. Net can be negative; concurrent staff time counts as person-minutes and no reimbursement policy is inferred.
- 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
- Meeting Cost Attendee Minute Term
Sum nonnegative attendeeHourlyRates, multiply by durationMinutes / 60 for laborCost, and add fixedCost.
- Resource Overtime Premium One Shift
Charge regularHours at baseRate and overtimeHours at baseRate × multiplier.