I wouldn't calculate it that way even if I was a DPS-nik. For various reasons, it makes no sense.
If the point of using a move like Fury Cutter is so you can charge, for instance, Cross Chop (not that I think two pokemon have that move combination, only they are the highest "EPS" and "DPS" moves, respectively*), then you'd expect the uniform "value" of Cross Chop to be more than that of Fury Cutter. The "DPS"+"EPS" (30.0+0.0) of Cross Chop should exceed Fury Cutter's (7.5+30.0). That it doesn't should reveal the problem. Before the secret update, there is a reason posters and sites generally prioritized the fastest and strongest fast moves.
(*There are a currently a lot of sites and posters going about combat statistics the wrong way. The focus on DPS is not absolutely misguided as it is a useful general metric, but it is creating some misplaced uniformity.)