The 1/4HP rating is just for the compressor. You need to factor in power needed to run the fans & electronics.
So, using the 400W number is correct in your calculations - that is the real power usage.
Real Power (P) for AC circuits = Current (I) x (Voltage) x Power factor (pf)
Old reference on Artica chillers. Its about the same.
1/10 hp = 225W
1/5 hp = 360W
1/4 hp = 430W
1/2 hp = 600W
Also, for the cost calculations, factor in only the time the chiller is on. And the on time for day is different for night.
Assume 400W chiller and on a total of 4.5hrs a day (based on chill 40min + 3hr off for each cycle). It'll come to roughly about $0.43 a day or $13.20 a month based on 23.65 cents per kWh tariff.