TRUCKERSCOST.COMTM
CALCULATING YOUR COST ON THE FIRST DAY OF THE MONTH
Now that you have learned the Truckerscost's costing method you will now see how this method allows you to calculate your Normal operating Cost Per Mile on the first day of the month.
We have provided the amount of time it should take to calculate your Monthly Cost or Cost Per Mile for each category after completing steps 1 through 3.
SAMPLE CALCULATION
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Cost Per Mile |
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Category |
Category |
Category |
Category |
Category |
Category |
Category |
Category |
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Motor Vehicle |
Other Equipment |
Insurance |
Driver Payroll & Benefits |
Fuel |
Repairs Maintenance & |
Other |
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$875.00 |
$10,539.25 |
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9,750 |
9,750 |
9,750 |
9,750 |
9,750 |
9,750 |
9,750 |
9,750 |
9,750 |
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$0.09 |
$0.03 |
$0.10 |
$0.36 |
$0.36 |
$0.07 |
$0.06 |
$0.01 |
$1.08 |
MOTOR VEHICLE
Because this cost is a Fixed Cost your estimated Cost Per Mile is based on the estimated number of miles driven for the month.
Monthly Cost $875.00 $875.00 $875.00 $875.00 $875.00 $875.00
Est Miles 10,000 9,000 8,000 7,000 6,000 5,000
Est CPM $0.09 $0.10 $0.11 $0.13 $0.15 $0.18
How long does it take to calculate your Motor Vehicle monthly
cost? 2 Minutes
OTHER EQUIPMENT
Because this cost is a Fixed Cost your estimated Cost Per Mile is based on the estimated number of miles driven for the month.
Monthly Cost $249.67 $249.67 $249.67 $249.67 $249.67 $249.67
Est Miles 10,000 9,000 8,000 7,000 6,000 5,000
Est CPM $0.02 $0.03 $0.03 $0.04 $0.04 $0.05
How long does it take to calculate your Other Equipment
monthly cost? 2 Minutes
INSURANCE
Because this cost is a Fixed Cost your estimated Cost Per Mile is based on the estimated number of miles driven for the month.
Monthly Cost $945.25 $945.25 $945.25 $945.25 $945.25 $945.25
Est Miles 10,000 9,000 8,000 7,000 6,000 5,000
Est CPM $0.09 $0.11 $0.12 $0.14 $0.16 $0.19
How long does it take to calculate your Insurance monthly cost?
1 Minute
DRIVER'S PAYROLL & BENEFITS
Althought this is a Movement Cost which increases the more miles your driver drives realize that your Cost Per Mile for your driver remains the same $0.36 per mile.
How long does it take to know your Driver's Cost Per Mile for the month? 15 Seconds
FUEL
Use the Truckerscost Fuel Cost Per Mile Calculator. Realize that your Cost Per Mile for the month will be based on your average cost per gallon for fuel.
Motor Vehicle Miles Per Gallon (All Activity) 7.0
Estimated Average Fuel Cost Per Gallon 2.65
Calculated Fuel Cost Per Mile $0.38
How long does it take to calculate your estimated Fuel Cost Per Mile for the month? 2 Minutes
REPAIRS, MAINTENANCE & TIRES
When you complete the Truckerscost Estimated Wear & Tear Calculator you will have calculated your Estimated Repair, Maintenance & Tires Cost Per Mile. For our example the amount is $0.07 per mile.
How long does it take to determine your estimated Repairs, Maintenance & Tire Cost Per Mile? 15 Seconds
OTHER TRUCK & DRIVER EXPENSES
Review your previous month's expenses and determine if the amounts are reasonable. Notice for our example all of the expenses should be similar regardless of miles except for the purchase of load locks. Therefore we can use last month's total expense as an estimate on the first day of the month. If you know of any additional expenses that you may have, add it to your estimate.
Monthly Cost $545.49 $545.49 $545.49 $545.49 $545.49 $545.49
Est Miles 10,000 9,000 8,000 7,000 6,000 5,000
Est CPM $0.05 $0.06 $0.07 $0.08 $0.09 $0.11
How long does it take to estimate your Other Truck & Driver monthly cost? 5 Minutes
Overhead
Review your previous month's expenses and determine if the amounts are reasonable. Notice for our example all of the expenses should be similar regardless of miles except for postage. Therefore we can use last month's total expense as an estimate on the first day of the month. If you know of any additional expenses that you may have, add it to your estimate.
Monthly Cost $188.93 $188.93 $188.93 $188.93 $188.93 $188.93
Est Miles 10,000 9,000 8,000 7,000 6,000 5,000
Est CPM $0.02 $0.02 $0.02 $0.03 $0.03 $0.04
How long does it take to calculate your estimated Overhead
monthy cost? 5 Minutes
THE RESULTS
FIRST DAY OF THE MONTH ESTIMATED COST PER MILE
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Motor Vehicle |
Other Equipment |
Insurance |
Driver Pay & |
Fuel |
Repairs |
Other |
Overhead |
Estimated |
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10,000 |
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$0.09 |
$0.02 |
$0.09 |
$0.36 |
$0.38 |
$0.07 |
$0.05 |
$0.02 |
$1.08 |
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9,000 |
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$0.10 |
$0.03 |
$0.11 |
$0.36 |
$0.38 |
$0.07 |
$0.06 |
$0.02 |
$1.13 |
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8,000 |
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$0.11 |
$0.03 |
$0.12 |
$0.36 |
$0.38 |
$0.07 |
$0.07 |
$0.02 |
$1.16 |
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7,000 |
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$0.13 |
$0.04 |
$0.14 |
$0.36 |
$0.38 |
$0.07 |
$0.08 |
$0.03 |
$1.23 |
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6,000 |
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$0.15 |
$0.04 |
$0.16 |
$0.36 |
$0.38 |
$0.07 |
$0.09 |
$0.03 |
$1.28 |
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5,000 |
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$0.18 |
$0.05 |
$0.19 |
$0.36 |
$0.38 |
$0.07 |
$0.11 |
$0.04 |
$1.38 |