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How to calculate Total cost

The Total cost formula, with plain worked examples you can check yourself.

Total cost = F + V × Units

Worked examples

F = 4000 · V = 20 · Units = 40Total cost = 4,800
F = 5000 · V = 35 · Units = 90Total cost = 8,150
F = 3000 · V = 35 · Units = 40Total cost = 4,400

How to use it

  1. Write down the values for each letter in the formula.
  2. Do the brackets first, then divide or multiply.
  3. Check the units before you compare results.
  4. Compare the answer with last period or with a competitor to see if it is good or bad.

This formula belongs to Costs & Break-even.

Related terms

Fixed costsVariable costsCost of goods soldOverheadDepreciationDirect costs

Practice Total cost with real numbers

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