Cost per Time

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Equation / Last modified by KurtHeckman on 2018/07/16 15:38
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vCalc.Cost per Time
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The Cost per Time calculator computes the total cost associated with a period of time based on cost per unit time.

INSTRUCTIONS:  Choose units and enter the following:

  • (CPT)  This is the cost per unit time (e.g. $2.34 Canadian per hour)
  • (TT) This is the period of production (e.g. 72 hours)

Total Cost(TC): The calculator returns the total cost in U.S. dollars.  However, this can be automatically converted to other currencies via the pull-down menu.

Example

Production examples:

  • A Canadian company runs machines at 430 Mexican Pesos per hour in Mexico and wants to know how much it costs to operate the machine 24/7 for 3 weeks in Canadian Dollars.  Answer on 2018-July-16: 15,134.76 CAD.

Consumption examples:

  • A rental car cost 78.52 GBP per day, and the renter wants to know what that costs for 5 days in U.S. dollars.  Answer on 2018-July-16: 520.90 USD.

Note: Currencies are constantly changing.  This calculator updates the currencies exchange rate every five minute.