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 ($)
How to Calculate Total Cost?
The following example problems outline how to calculate Total Cost.
Example Problem #1:
- First, determine the total fixed costs ($). 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 ($)
