Enter the total fixed costs ($) and the total variable costs ($) into the Total Cost Calculator. The calculator will evaluate and display the Total Cost.
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- ATC (Average Total Cost) Calculator
- Average Variable Cost Calculator
- Fixed Cost Calculator
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 ($)
To calculate the total cost, sum the total fixed costs and the variable costs together.
How to Calculate Total Cost?
The following example problems outline how to calculate Total Cost.
Example Problem #1:
- First, determine the total fixed costs ($). The total fixed costs ($) is given as 350.
- Next, determine the total variable costs ($). The total variable costs ($) is provided as 25.
- Finally, calculate the Total Cost using the equation above:
TC = TFC + TVC
The values given above are inserted into the equation below:
TC = 350 + 25 = 375 ($)
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 ($)
