Total Cost Calculator

✖Fixed Cost are the cost that does not change with an increase or decrease in the number of goods or services produced or sold.ⓘ Fixed Cost [FC]			+10% -10%
✖Total Variable Cost refers to the cost which varies when the output varies or changes.ⓘ Total Variable Cost [TVC]			+10% -10%

✖Total Cost refers to the cost of equipment at sight, which includes the unloading and loading charges etc.ⓘ Total Cost [T_c]

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Formula

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Total Cost

Formula

`"T"_{"c"} = "FC"+"TVC"`

Example

`"3500"="2000"+"1500"`

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Total Cost Solution

STEP 0: Pre-Calculation Summary

Formula Used

Total Cost = Fixed Cost+Total Variable Cost
T_c = FC+TVC
This formula uses 3 Variables

Variables Used

Total Cost - Total Cost refers to the cost of equipment at sight, which includes the unloading and loading charges etc.
Fixed Cost - Fixed Cost are the cost that does not change with an increase or decrease in the number of goods or services produced or sold.
Total Variable Cost - Total Variable Cost refers to the cost which varies when the output varies or changes.

STEP 1: Convert Input(s) to Base Unit

Fixed Cost: 2000 --> No Conversion Required
Total Variable Cost: 1500 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

T_c = FC+TVC --> 2000+1500

Evaluating ... ...

T_c = 3500

STEP 3: Convert Result to Output's Unit

3500 --> No Conversion Required

FINAL ANSWER

3500 <-- Total Cost

(Calculation completed in 00.004 seconds)

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Created by Chandana P Dev

NSS College of Engineering (NSSCE), Palakkad

Chandana P Dev has created this Calculator and 500+ more calculators!

Verified by Mithila Muthamma PA

Coorg Institute of Technology (CIT), Coorg

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< 9 Economics of Project Management Calculators

Selling Price

Go Selling Price = (Fixed Cost+Variable Cost per Unit*Volume of Output)/Volume of Output

Volume of Output

Go Volume of Output = Fixed Cost/(Selling Price-Variable Cost per Unit)

Profit for Total Expenses

Go Cost of Profit = Total Revenue-(Fixed Cost+Total Variable Cost)

Total Revenue

Go Total Revenue = Cost of Profit+(Fixed Cost+Total Variable Cost)

Contribution per Unit

Go Contribution Margin per Unit = Selling Price-Variable Cost per Unit

Total Variable Cost

Go Total Variable Cost = Total Cost-Fixed Cost

Total Cost

Go Total Cost = Fixed Cost+Total Variable Cost

Fixed Cost

Go Fixed Cost = Total Cost-Total Variable Cost

Total Cost given Profit

Go Total Cost = Total Revenue-Cost of Profit

Total Cost Formula

Total Cost = Fixed Cost+Total Variable Cost
T_c = FC+TVC

What are the two categories of Construction Economic Problems?

Economic studies are concerned with the difference in economic results from alternative courses of action. In general, we can classify construction economic problems into the following two types.
1 Primary economic comparison: It implies all the factors influencing the decision are already present. The effects of time are usually irrelevant. It can be further subdivided into two types:
i. Present Economic Studies
ii. Break-even analysis
2 Time-based studies: Time-based studies deal with cash flow forecasting and investment appraisal.

What is the Cost & type of Profits?

Cost is typically the expense incurred for making a product or service that is sold by a company. Price is the amount a customer is willing to pay for a product or service. The cost of producing a product has a direct impact on both the price of the product and the profit earned from its sale.
Businesses use three types of profit to examine different areas of their companies. They are gross profit, operating profit, and net profit.
Gross Profit: Gross profit subtracts the cost of goods sold (COGS) from total sales.
Operating Profit: Operating profit includes both variable and fixed costs.
Net Profit: Net profit includes all costs. It's the most accurate representation of how much money the business is making.

How to Calculate Total Cost?

Total Cost calculator uses Total Cost = Fixed Cost+Total Variable Cost to calculate the Total Cost, The Total Cost formula is defined as the actual cost incurred in the production of a given level of output. In other words, the total expenses (cost) incurred, both explicit and implicit, on the resources to obtain a certain level of output is called the total cost. Total Cost is denoted by T_c symbol.

How to calculate Total Cost using this online calculator? To use this online calculator for Total Cost, enter Fixed Cost (FC) & Total Variable Cost (TVC) and hit the calculate button. Here is how the Total Cost calculation can be explained with given input values -> 3500 = 2000+1500.

FAQ

What is Total Cost?

The Total Cost formula is defined as the actual cost incurred in the production of a given level of output. In other words, the total expenses (cost) incurred, both explicit and implicit, on the resources to obtain a certain level of output is called the total cost and is represented as T_c = FC+TVC or Total Cost = Fixed Cost+Total Variable Cost. Fixed Cost are the cost that does not change with an increase or decrease in the number of goods or services produced or sold & Total Variable Cost refers to the cost which varies when the output varies or changes.

How to calculate Total Cost?

The Total Cost formula is defined as the actual cost incurred in the production of a given level of output. In other words, the total expenses (cost) incurred, both explicit and implicit, on the resources to obtain a certain level of output is called the total cost is calculated using Total Cost = Fixed Cost+Total Variable Cost. To calculate Total Cost, you need Fixed Cost (FC) & Total Variable Cost (TVC). With our tool, you need to enter the respective value for Fixed Cost & Total Variable Cost and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.

How many ways are there to calculate Total Cost?

In this formula, Total Cost uses Fixed Cost & Total Variable Cost. We can use 1 other way(s) to calculate the same, which is/are as follows -

Total Cost = Total Revenue-Cost of Profit

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