Why Knowing Your Cost Per Mile is Important?
- You can figure your fixed cost per day by adding up all your fixed expenses for the year. Then, divide your total fixed expenses for the year by 12 to get your fixed cost per month. Once you have your fixed cost per month, divide that number by 30 and that will give your your fixed cost per day. When you know your fixed cost per day, you can decide if a load is worth waiting for and eating those expenses, or if a different load you can pick up right away is the better option.
Figuring Cost Per Mile
- You will see that I took the cents per mile out three decimal places. This will give you a more accurate cents per mile for your total cost of operation.