The formula to calculate the Plate Cost (PC) is:
PC=L×W×T×CPSI
Where:
Let's say the length (L) is 10 inches, the width (W) is 5 inches, the thickness (T) is 0.5 inches, and the cost per cubic inch (CPSI) is $2. Using the formula:
PC=10×5×0.5×2=50
So, the Plate Cost (PC) is $50.