I am trying to estimate average shipping costs per unit. We have been provided a total shipping cost of $300 USD for all 25 items, but not per unit.
The average shipping charge is $12. Which looks more reasonable for the higher cost items, but excessive for the lower cost items. What formula would distribute this $300 cost so that the higher weight, higher cost items estimate a higher shipping charge per unit. And the lower weight, lower cost items estimate a lower cost per unit?
Product Name | Qty | Weight (lbs) | Item Cost ($) |
Product A | 18 | 40 | 2,000 |
Product B | 1 | 35 | 1,500 |
Product C | 4 | 25 | 1,000 |
Product D | 1 | 3 | 100 |
Product E | 1 | 3 | 100 |
The average shipping charge is $12. Which looks more reasonable for the higher cost items, but excessive for the lower cost items. What formula would distribute this $300 cost so that the higher weight, higher cost items estimate a higher shipping charge per unit. And the lower weight, lower cost items estimate a lower cost per unit?