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.

- All Cost Calculators
- Cost Per Board Foot Calculator
- Net Cost Calculator
- Landed Cost Calculator
- Material Price Variance Calculator

## 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)

To calculate the material cost, multiply the total quantity of material by the cost per unit of material.

## How to Calculate Material Cost?

The following example problems outline how to calculate Material Cost.

Example Problem #1:

- First, determine the total quantity of material needed. The total square quantity of material needed is given as 150.
- Next, determine the cost per unit of material ($/unit). The cost per unit of material ($/unit) is provided as 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 ($)