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 ($)