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Total Cost refers to the cost of equipment at sight, which includes the unloading and loading charges etc. Check FAQs
Tc=FC+TVC
Tc - Total Cost?FC - Fixed Cost?TVC - Total Variable Cost?

Total Cost Example

With values
With units
Only example

Here is how the Total Cost equation looks like with Values.

Here is how the Total Cost equation looks like with Units.

Here is how the Total Cost equation looks like.

3500Edit=2000Edit+1500Edit
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HomeIcon Home » Category Engineering » Category Civil » Category Construction Practice, Planning and Management » fx Total Cost

Total Cost Solution

Follow our step by step solution on how to calculate Total Cost?

FIRST Step Consider the formula
Tc=FC+TVC
Next Step Substitute values of Variables
∴ Tc=2000+1500
Next Step Prepare to Evaluate
∴ Tc=2000+1500
LAST Step Evaluate
∴Tc=3500

Total Cost Formula Elements

Variables
Total Cost
Total Cost refers to the cost of equipment at sight, which includes the unloading and loading charges etc.
Symbol: Tc
Measurement: NAUnit: Unitless
Note: Value should be greater than 0.
Formulas to find Total CostOpen Variable
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.
Symbol: FC
Measurement: NAUnit: Unitless
Note: Value should be greater than 0.
Formulas to find Fixed CostOpen Variable
Total Variable Cost
Total Variable Cost refers to the cost which varies when the output varies or changes.
Symbol: TVC
Measurement: NAUnit: Unitless
Note: Value should be greater than 0.
Formulas to find Total Variable CostOpen Variable

Other Formulas to find Total Cost

​Go Total Cost given Profit
Tc=TR-P

Other formulas in Economics of Project Management category

​Go Fixed Cost
FC=Tc-TVC
​Go Total Variable Cost
TVC=Tc-FC
​Go Profit for Total Expenses
P=TR-(FC+TVC)
​Go Total Revenue
TR=P+(FC+TVC)

How to Evaluate Total Cost?

Total Cost evaluator uses Total Cost = Fixed Cost+Total Variable Cost to evaluate 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 Tc symbol.

How to evaluate Total Cost using this online evaluator? To use this online evaluator for Total Cost, enter Fixed Cost (FC) & Total Variable Cost (TVC) and hit the calculate button.

FAQs on Total Cost

What is the formula to find Total Cost?
The formula of Total Cost is expressed as Total Cost = Fixed Cost+Total Variable Cost. Here is an example- 3500 = 2000+1500.
How to calculate Total Cost?
With Fixed Cost (FC) & Total Variable Cost (TVC) we can find Total Cost using the formula - Total Cost = Fixed Cost+Total Variable Cost.
What are the other ways to Calculate Total Cost?
Here are the different ways to Calculate Total Cost-
  • Total Cost=Total Revenue-Cost of ProfitOpenImg
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