Invisible Labor Calculator calculator can be used to estimate the cost of intangible or indirect labor based on hours worked, hourly rate, and complexity factor.
Learn how to use the Invisible Labor Calculator calculator and its working principles
The calculator uses the formula:
Total Cost = (Hours Worked × Hourly Rate) × Complexity Factor
This formula helps in estimating the total cost of intangible or indirect labor by considering the duration, rate, and complexity of the task.
If you worked for 10 hours at a rate of $50 per hour with a complexity factor of 5, the calculation would be:
Total Cost = (10 × $50) × 5 = $500 × 5 = $2,500