Enter the standard rate ($/unit) and the standard quantity (units) into the Calculator. The calculator will evaluate the Standard Cost.

## Standard Cost Formula

STC = SR * SQ

Variables:

- STC is the Standard Cost ($)
- SR is the standard rate ($/unit)
- SQ is the standard quantity (units)

To calculate the Standard Cost, multiply the standard rate by the standard quantity.

## How to Calculate Standard Cost?

The following steps outline how to calculate the Standard Cost.

- First, determine the standard rate ($/unit).
- Next, determine the standard quantity (units).
- Next, gather the formula from above = STC = SR * SQ.
- Finally, calculate the Standard Cost.
- After inserting the variables and calculating the result, check your answer with the calculator above.

**Example Problem : **

Use the following variables as an example problem to test your knowledge.

standard rate ($/unit) = 500

standard quantity (units) = 20