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 ($/unit) = 3 Entering these values and solving gives: MC = Q * CPQ = 2,100.00 ($)