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Labor Cost Formulas

Using MS Excel 97.

Need help with writing a formula.

I have the following three (3) columns in a worksheet used to calculate labor-cost estimates for construction.

Emp Type

Hours

Amt

There are twenty (20) employee types (Emp Type). Each has a different hourly pay rate. Three (3) examples are shown. The employee types are designated using a coded combination of letters and numbers. This "code" is necessary for employee privacy purposes.

GF = General Forman @ 41.06 per hourly rate.
FM = Forman @ 39.51 per hourly rate.
LAB = Laborer @ 17.11 per hourly rate.

I wish to simply enter in the first column the >>Emp Type<<. Into the second column the >>Hours<<. The >>Amt<< colunm will calculate and display the result.

It seems to me that giving the >>Emp Type<< a "name" that refers to the hourly rate is the simplest result. How can I do this? I have tried the Insert, Name, Define menu options to no avail. I continue to get a #VALUE! error message.

Thank you,
BWray


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