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 (\$)