Per Thousand Formula:
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The Per Thousand calculation determines the total cost for lumber based on the price per thousand board feet. This is a standard measurement used in the lumber industry to calculate costs for large quantities of wood.
The calculator uses the Per Thousand formula:
Where:
Explanation: This calculation converts the total board feet into "thousands of board feet" units, then multiplies by the price per thousand to determine the total cost.
Details: Accurate cost calculation is essential for lumber purchasing, inventory management, project budgeting, and pricing strategies in the wood industry.
Tips: Enter the total board feet and price per thousand board feet. Both values must be positive numbers (board feet > 0, price ≥ 0).
Q1: What is a board foot?
A: A board foot is a unit of measurement for lumber equal to 1 foot long × 1 foot wide × 1 inch thick (or equivalent volume).
Q2: Why calculate cost per thousand?
A: The lumber industry typically prices wood by the thousand board feet, making this calculation essential for accurate cost estimation.
Q3: How accurate is this calculation?
A: The calculation is mathematically precise when accurate measurements of board feet and current pricing are used.
Q4: Can this calculator be used for different wood types?
A: Yes, as long as you have the correct board footage measurement and price per thousand for that specific wood type.
Q5: Does this include additional costs like delivery or processing?
A: No, this calculation only provides the base lumber cost. Additional expenses should be calculated separately and added to the total.