A total period cost is anything that is not prepaid. To calculate period cost, just include anything that is charged in the period incurred.
Chat with our AI personalities
To calculate the long run average total cost for a business, you divide the total cost of production by the quantity of output produced in the long run. This helps businesses determine the average cost per unit of production over an extended period of time.
To calculate the Total Cost without Total variable cost, one should estimate for the variables or substitute for the variables with a variable such as X or Y and then solve for the approximate total cost.
i
hell
total revenue minus total cost