Overhead cost is part of total cost and not different from total cost as formula is as follows: Total cost = material cost + labor cost + overhead cost
It is 100*staff costs/total costs.
loss+selling price (S.P)
total cost= monthly payment [1-(1+APR)to the power of -n/APR
formula for arr- total room revenue ARR= ------------------------------ total occupied room
The formula for apportioned cost is: Apportioned Cost = Total Cost × (Cost Driver for specific department ÷ Total Cost Driver for all departments)
Overhead cost is part of total cost and not different from total cost as formula is as follows: Total cost = material cost + labor cost + overhead cost
Total Variable Cost = Number of Units * Variable cost per unit
well if your talking about the total cost in economics, than it would be profit=TC-TR TR- total revenue TC- Total cost
Fixed cost and variable cost is equal to total cost as per following formula: Total Cost = Fixed Cost + Variable Cost
Total cost = cost per unit x units produced or Total cost = cost per unit x units sold or Fixed costs + Variable costs
Formula for Total Cost: Fixed Cost + Variable Cost + Semi-Variable Cost if there is no semi-variable cost then fixed cost + variable cost is a total cost. if we devide the total cost with volume as well then it will be cost per unit not total cost
The "Sum" formula works best.
Average Variable Cost = Total Variable Cost/ Quantity Average Cost = Average Fixed Cost + Average Variable Cost Average Cost = Total Cost/Quantity
Total revenue equals the sale price of products multiplued by the total amount of units sold
Formula for breakeven point = Fixed Cost / Contribution margin Contribution margin = Total Sales - variable cost SO using above mentioned formula break even sales can be found.
No fixed costs do not change where variable do depending on market and amount ordered among other varies.