Advertising costs per channel are the spend on distribution plus the costs of creation, set-up and management. A CPC is the cost per chosen type of click; a CPM the cost per thousand impressions. Neither tells you on its own what a new customer costs. Therefore compare channels on the same definition of a confirmed enquiry or customer.
This guide uses only fictitious amounts and percentages as calculation examples, not Belgian market averages. Google describes how auctions differ per search query; Meta explains that bid, estimated action rate and ad quality together play a role. A fixed price ranking therefore does not predict your result.