How do you calculate cost per kilometer?

How do you calculate cost per kilometer?

Then you need to divide the cost of one unit of fuel by this fuel efficiency number. Formula to calculate fuel cost per km: Fuel cost per km = fuel cost per litre or kg/mileage or fuel consumption.

How do you calculate transportation costs?

Calculating your transportation costs

1. Calculating the total sales revenue. Revenue refers to the total value of the sales you’ve made within a given period. …
2. Transportation-level costs. …
3. Flexibility and speed. …
4. Distance. …
5. Weight, volume, and density of shipments. …
6. Fuel costs. …
7. Seasonal demand. …
8. Service level costs.

How do you calculate driving costs?

Add up Your Trip Cost Take the mileage of the total distance of your trip and divide it by your miles per gallon to get the number of gallons of gas you will need on your journey. Then multiply that figure by the current gas price, and the result is the estimated cost of gas for your road trip.

How much should I claim per km?

The per kilometre car expense claim rate for 2022-23 is to be 75 cents per km. The rate for 2020-21 and 2021-22 is 72 cents per km for up to 5,000 business kms. This claim method avoids the need to keep track of individual car expenses and receipts.

How is transportation cost calculated in logistics?

Divide the total transportation costs by the total sales on the transported products to determine the percentage costs for transportation. Include all transportations costs in this equation, such as payroll for transportation staff, fuel use, insurance costs and maintenance costs.

What is the cost of transportation?

What Are Transportation Costs? Transportation costs are all the expenses related to the transportation of raw materials, finished products, and employees. It’s the money behind making sure all moving parts get where they need to be so your customers get their product or service on time.

How do you calculate transportation cost in Excel?

And the total transportation cost formula is “SUMPRODUCT(C15:E22;ROUNDUP(I15:K22/110;0))*C24”. If you have the cost per Km per unit, then the formula will be basically “SUMPRODUCT(C15:E22;I15:K22)*C24”.

What is the cost of transportation per kg per Km in India?

In 2021, the most expensive mode of logistics in India was air with around 18 Indian rupees per metric ton kilometer, more than tenfold the cost of rail transport. It was followed by road transport with 3.6 rupees per metric kilometer.

How do you calculate cents per km?

The standard mileage rate is 72 cents per kilometre. To find your reimbursement, you multiply the number of kilometres by the rate: [km] * [rate], or 175 km * $0.72 = $126.00.

What is the per km rate for 2021?

As a rule, the per-kilometre rate we consider reasonable is the rate that an employer subject to income tax is authorized to deduct under Québec tax laws and regulations….Reasonable per-kilometre rate.

Year	First 5,000 kilometres	Additional kilometres
2021	$0.59	$0.53
2020	$0.59	$0.53
2019	$0.58	$0.52
2018	$0.55	$0.49

What is the km rate for 2021?

A reimbursive travel allowance is an allowance paid to an employee for actual business kilometres travelled, according to either the SARS determined rate – which is R 3.82 per kilometre from 1 March 2021 (down 4% from R3. 98) – or as determined by the employer.