Calculating a cost per hour rate can be a great tool. It can be used to find out how much a service costs. You can also calculate a cost per hour rate for your own work. This will let you know how much you make per hour. An efficient way to calculate a cost per hour rate is to use a simple calculator.
Count the total number of hours of a project.
Calculate the total cost of the project.
Divide the total cost by the total number of hours. This calculates the cost per hour rate.
Input the cost of the hourly rate into a database spreadsheet. Logging the cost per hour rate can be useful to compare the cost of services from different companies.
A free database spreadsheet program is offered by Open Office.