Cost per hour for a pick-up truck. In this article, we will complete the calculation of the cost per hour for the Ford F150 truck of the previous post.
In following figure, we highlight the Fixed costs already calculated in the previous post.
Table of contents
Here, we will calculate the costs per consumption and the costs per farm in order to arrive at the total cost per hour of the F150 truck.
Cost per Hour for a Truck – Consumption Costs
Hourly cost for fuel and lubricant
Regardless of the above, we review below which are the main factors that affect fuel consumption
Typically, each company records each machine’s fuel consumption, for example, for one month, and then divides that consumption into the monthly working time of the machine.
This allows you to obtain the hourly fuel consumption of the equipment
On the pick-up vehicle, the cost of the lubricant consumption is considered to be equal to 7% of the hourly cost of fuel.
The correct method to determine the oil consumption per hour in a machine is to record the consumption of all lubricants, for example, engine oil, hydraulic oil and transmission oil, from changes and recharges at the end of each month, then divide each data into monthly machine working time.
It is common to associate the lubricant consumption with the fuel consumption during the same period and to express the lubricant consumption as a percentage of the fuel cost per hour.
In this example, we consider the truck tires have a very low lifespan of only one year because the vehicle is on bad roads.
We take the cost of the 4 pickup truck’s tires per year to be:
P4 = $1,000
In general, tire rolling resistance is approximately 15 percent of total fuel consumption.
When faced with tires that are similar in terms of grip and ride comfort, it makes sense to use tires that have lower rolling resistance because they provide better fuel economy.
In all tires, lower pressure means greater rolling resistance and higher fuel consumption.
The chart below summarizes the cost per hour consumption of the Ford F150 4×4 from our example.
Cost per hour for a pick-up truck – Cost of operation
Cost per hour of the operator
The cost of the hourly wage of the worker, plus the social security contributions multiplied by the percentage received, is equal to the hourly cost of the worker.
The remuneration and social security contributions of operators vary considerably according to the country or region in which the work is carried out.
In this example, we will take a salary of 10 USD and social expenses of 65%.
Therefore, the operator’s remuneration and social security contributions are USD 16.50 per hour.
Cost for surveillance
The cost per hour of surveillance is equal to 10% of the labor cost.
Therefore, the cost per surveillance is:
16.50*10% = 1.65 USD
The cost of surveillance applies particularly to high-value machinery.
Summary of Total Cost per Hour
The total hourly cost of the Ford F150 4×4 6-cylinder pickup truck in the example is:
Total Hourly Cost = 5.45 + 9.60 + 16.50 + 1.65 = USD 33.20
Cost per Hour for a Pickup Truck – Calculate Man Hours