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Person-hours per meeting = attendees × (meeting minutes + prep minutes per person) ÷ 60. Meeting cost = person-hours × average hourly cost. Monthly cost = meeting cost × recurring meetings per month.- Apply the formulaPerson-hours per meeting = attendees × (meeting minutes + prep minutes per person) ÷ 60. Meeting cost = person-hours × average hourly cost. Monthly cost = meeting cost × recurring meetings per month.$4207 person-hours · $1,680/month across 4 meetings