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.
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total revenue minus total cost
Total Costs = Fixed Cost + Variable Cost soVariable Cost = Total Costs - Fixed Cost.
Overhead is applied at start of production to calculate the cost of goods manufactured and to determine the total cost and profit as well.
Sale or Revenue for the period -less cost of good sold=gross profit cost of good sold is the cost incurred in generating the revenue
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.
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Variable cost = Total Cost/ fixed cost
Find total cost when quantity = 0.
Fixed cost = total cost / sale volume
Total cost are calculated by adding variable cost and fixed cost FC+VC=TC
To calculate the cost of goods you have to substract the gross profit from total sales.
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total revenue minus total cost
Total Manufacturing Cost = Cost of good manufactured + Closing Balance - Opening Total Manufacturing Cost = 170000 + 15000 - 5000 Total Manufacturing Cost = 180000