Enter the total fixed costs ($) and the total variable costs ($) into the Total Cost Calculator. The calculator will evaluate and display the Total Cost.

## Total Cost Formula

The following formula is used to calculate the Total Cost.

TC = TFC + TVC

• Where TC is the Total Cost ($) • TFC is the total fixed costs ($)
• TVC is the total variable costs ($) ## How to Calculate Total Cost? The following example problems outline how to calculate Total Cost. Example Problem #1: 1. First, determine the total fixed costs ($). The total fixed costs ($) is given as 350. 2. Next, determine the total variable costs ($). The total variable costs ($) is provided as 25. 3. Finally, calculate the Total Cost using the equation above: TC = TFC + TVC The values given above are inserted into the equation below: TC = 350 + 25 = 375 ($)

Example Problem #2:

The variables needed for this problem are provided below:

total fixed costs ($) = 700 total variable costs ($) = 300

Entering these values and solving gives:

TC = TFC + TVC = 1,000.00 (\$)