You can even make use of Excel to calculate the difference between two times. It helps calculate the number of hours an employee worked between the given start and end time.

To solve this problem, Excel allows conditional calculations so that you can calculate the normal rate for up to 40 hours worked and then a higher amount for overtime hours worked.

Schedule Labor Now that the cost information is in place, divvying up the staff time is the next step in calculating the budgeted cost of work over the work scheduled in Excel.