What is the total labor cost for 4 weeks with 5.5 FTEs earning $20/hour?

To calculate the total labor cost, it's important to first determine the total number of hours worked by the full-time equivalents (FTEs) and then multiply that by the hourly wage.

In this scenario, you have 5.5 FTEs, which indicates the equivalent of 5.5 full-time employees. Typically, a full-time employee works about 40 hours per week. Therefore, the number of hours worked by all FTEs over the course of 4 weeks can be calculated as follows:

1. Calculate the total hours for one FTE over 4 weeks:

• 40 hours/week × 4 weeks = 160 hours.

2. Then, multiply by the number of FTEs to find the total hours:

• 160 hours × 5.5 FTEs = 880 hours.

Next, to find the total labor cost, you will multiply the total number of hours by the hourly wage of $20:

• 880 hours × $20/hour = $17,600.

This calculation provides the final labor cost for the 4-week period, confirming that the total labor cost is indeed $17,600.