I created a monster, but it works.
This is mysql, but I'm sure it translates to tsql easily
select sum(mon) , sum(tue) , sum(wed) , sum(thur) , sum(fri) from ( select person , if (1 < field(day, 'mon', 'tue', 'wed', 'thur', 'fri'), 0, val / pow(2, 1 - field(day, 'mon', 'tue', 'wed', 'thur', 'fri'))) as mon , if (2 < field(day, 'mon', 'tue', 'wed', 'thur', 'fri'), 0, val / pow(2, 2 - field(day, 'mon', 'tue', 'wed', 'thur', 'fri'))) as tue , if (3 < field(day, 'mon', 'tue', 'wed', 'thur', 'fri'), 0, val / pow(2, 3 - field(day, 'mon', 'tue', 'wed', 'thur', 'fri'))) as wed , if (4 < field(day, 'mon', 'tue', 'wed', 'thur', 'fri'), 0, val / pow(2, 4 - field(day, 'mon', 'tue', 'wed', 'thur', 'fri'))) as thur , if (5 < field(day, 'mon', 'tue', 'wed', 'thur', 'fri'), 0, val / pow(2, 5 - field(day, 'mon', 'tue', 'wed', 'thur', 'fri'))) as fri from ( (select 'bill' as person, 'mon' as day, 4 as val from dual) union (select 'jane', 'wed', 2 from dual) union (select 'mary', 'tue', 8 from dual) ) t ) tbl
http://sqlfiddle.com/#!2/d41d8/5249