Enter the total quantity of material needed and the cost per unit of material ($/unit) into the Material Cost Calculator. The calculator will evaluate and display the Material Cost. 

Material Cost Formula

The following formula is used to calculate the Material Cost. 

MC = Q * CPQ

  • Where MC is the Material Cost ($)
  • Q is the total quantity of material needed 
  • CPQ is the cost per unit of material ($/unit) 

How to Calculate Material Cost?

The following example problems outline how to calculate Material Cost.

Example Problem #1:

  1. First, determine the total quantity of material needed. The total square quantity of material needed is given as 150.
  2. Next, determine the cost per unit of material ($/unit). The cost per unit of material ($/unit) is provided as 3.
  3. Finally, calculate the Material Cost using the equation above: 

MC = Q * CPQ

The values given above are inserted into the equation below:

MC = 150 * 3 = 450 ($)


Example Problem #2: 

The variables needed for this problem are provided below:

total quantity of material needed = 700

cost per unit of material ($/unit) = 3

Entering these values and solving gives:

MC = Q * CPQ = 2,100.00 ($)