How To Calculate A Weighted Average Hourly Rate Complete Guide

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how to calculate a weighted average hourly rate. To get a weighted average for a regular pay rate add the earnings from each job together and then divide the amount by the total number of hours -- including any overtime -- worked for all jobs. That would be 485 times 125 or 6063 and that added to 50900 equals 56963 the total pay including overtime.

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Divide the base bay by the total hours worked. You can find the total amount of interest paid using the outstanding balance and the interest rate. Calculate the weighted average pay rate.

How to Calculate Weighted Average in 3 Steps with Example 1.

How to Figure the Weighted Average in Payroll for Dual Pay Rates. In this video we will teach you how to calculate Weighted Average in Excel. To get a weighted average for a regular pay rate add the earnings from each job together and then divide the amount by the total number of hours -- including any overtime -- worked for all jobs. Lets Look at an Example.