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- To calculate the cost per mile for trucking, you can use the following methods123:
- Divide the total expenses by the total number of miles driven.
- Consider both fixed costs (e.g., insurance, permits) and variable costs (e.g., fuel, food, lodging).
- For example, if you spent $52,440.37 in expenses and drove 31,307 miles, your cost per mile would be $1.673.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.To calculate the “cost per mile,” divide the cost by the number of miles you drove that month. For example, “fixed costs per mile” is calculated by dividing $2515 (fixed costs) by 8,400 (miles), which gives us $0.30 per mile. Using the same method, we calculate variable costs to be $0.70.www.comcapfactoring.com/blog/cost-per-mile-calc…Calculate your cost per mile with this formula: Total expenses/Total miles = Total cost per mile To figure this out, you’ll need information from previous trips: Expense receipts from food, fuel, lodging, and other expenses from the previous month List of monthly payments, such as truck fees, permits, and insurancetruckstop.com/blog/how-to-calculate-cost-per-mile/For the simplest cost-per-mile calculation, you merely divide the total expenses from your profit and loss statement by the total number of miles you drove. You can see the Haulin Assets’ profit and loss statement in the show notes for episode 17 of the podcast. The math is simple: $52,440.37 / 31,307 miles, which equals $1.67 per mile.www.motorcarrierhq.com/tools/cost-per-mile-calcul… - People also ask
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