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24 lut 2022 · Below are three simple steps you can use to calculate your cost per mile to drive. Step #1. Calculate Your Total Cost. Your total cost is made up of three costs: Fixed costs; Variable expenses; Salary costs; Fixed costs are costs you incur, even if your vehicles are not running.
21 cze 2023 · The formula required to calculate the cost per mile is as follows. COST PER MILE (CPM) = TOTAL DELIVERY EXPENSES / TOTAL MILEAGE. Simply put, you should divide the total logistics expenses (from Step 1) by the total number of miles covered over a period of time (from Step 2).
Calculating cost per mile becomes a simple equation once you know your mileage and total expenses. Divide your total expenses by the total number of miles driven, and the result is your cost per mile. For example, the USPS drives 1.2 billion miles every year, with annual costs totaling $82.2 billion.
The process is fairly simple - the distance travelled is multiplied by the rate per kilometer (or mile) to determine the total cost. For example, if a driver travels 100 kilometers and the rate per kilometer is $0.50, the total cost would be $50.
Unlock the secrets of efficient cost per mile calculation with our comprehensive guide. Learn practical tips and expert insights on how to calculate cost per mile effectively.
18 sty 2023 · Learn how to calculate cost per mile with a simple formula. And find out what you need to track and how to track cost per mile easily with software.
Cost per mile is a simple equation in which you divide your total expenses for each month (fixed and varied) by the total number of miles you travel each month. Fixed Expenses. Your fixed expenses are your monthly expenses that are the same every month. They include the following: Truck payment. Tractor and trailer insurance. Accounting services.
