Shop Rate Calculator

Calculate Shop Rate



Formula

The formula to calculate the Shop Rate (SR) is:

\[ SR = \frac{CSJ}{H} \]

Where:

Shop Rate Definition

The shop rate is the cost per hour of labor for a job performed in a shop. It is calculated by dividing the total cost of the job by the total hours it took to complete the job. This rate helps in determining the efficiency and pricing of services provided by the shop.

Example Calculation

Let's consider an example:

Using the formula to calculate the Shop Rate:

\[ SR = \frac{500}{10} = 50 \, \text{\$/hr} \]

This demonstrates that with a shop job cost of $500 and a job duration of 10 hours, the shop rate would be $50 per hour.