Enter the total cost and the total quantity of any variable “X” into the calculator to determine the cost per x.
- Cost Per Unit Calculator
- Cost Per Equivalent Unit Calculator
- Cost Per Quantity Calculator
- Cost Per Item Calculator
Cost Per “X” Formula
The following equation is used to calculate the Cost Per “X”.
CPX = TC / Q “X”
- Where CPX is the cost per variable X ($/X)
- TC is the total cost ($)
- Q”X” is the quantity of the variable X
To calculate the cost per X of any variable, divide the total cost by the quantity of the variable.
What is Cost Per “X”?
Definition:
Cost Per X describes the cost of something per unit of an X variable. This X variable can be anything from units, to pounds, to days.
How to Calculate Cost Per “X”?
Example Problem:
The following example outlines the steps and information needed to calculate Cost Per “X”.
First, determine the X variable. In this example, the X variable is pounds.
Next, determine the total cost of the item. In this example, the item costs $325.00..
Next, determine the weight of the item in pounds since that is what the X variable is. For this problem, the weight is 10 pounds.
Finally, calculate the cost per X using the formula above:
CPX = TC / Q “X”
CPX = $325.00 / 10
CPX = $32.50 / X
