Total Variable Cost Calculator

✖Total Cost refers to the cost of equipment at sight, which includes the unloading and loading charges etc.ⓘ Total Cost [T_c]			+10% -10%
✖Fixed Cost are the cost that does not change with an increase or decrease in the number of goods or services produced or sold.ⓘ Fixed Cost [FC]			+10% -10%

✖Total Variable Cost refers to the cost which varies when the output varies or changes.ⓘ Total Variable Cost [TVC]

⎘ Copy

👎

Formula

LaTeX

Reset

👍

Download Construction Management Formulas PDF PDF Image

Total Variable Cost Solution

STEP 0: Pre-Calculation Summary

Formula Used

Total Variable Cost = Total Cost-Fixed Cost
TVC = T_c-FC
This formula uses 3 Variables

Variables Used

Total Variable Cost - Total Variable Cost refers to the cost which varies when the output varies or changes.
Total Cost - Total Cost refers to the cost of equipment at sight, which includes the unloading and loading charges etc.
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.

STEP 1: Convert Input(s) to Base Unit

Total Cost: 3500 --> No Conversion Required
Fixed Cost: 2000 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

TVC = T_c-FC --> 3500-2000

Evaluating ... ...

TVC = 1500

STEP 3: Convert Result to Output's Unit

1500 --> No Conversion Required

FINAL ANSWER

1500 <-- Total Variable Cost

(Calculation completed in 00.005 seconds)

You are here -

Home » Engineering » Civil » Construction Practice, Planning and Management » Construction Management » Economics of Project Management » Total Variable Cost

Credits

Created by Chandana P Dev

NSS College of Engineering (NSSCE), Palakkad

Chandana P Dev has created this Calculator and 500+ more calculators!

Verified by Mithila Muthamma PA

Coorg Institute of Technology (CIT), Coorg

Mithila Muthamma PA has verified this Calculator and 700+ more calculators!

< Economics of Project Management Calculators

Profit for Total Expenses

LaTeX Go Cost of Profit = Total Revenue-(Fixed Cost+Total Variable Cost)

Total Variable Cost

LaTeX Go Total Variable Cost = Total Cost-Fixed Cost

Total Cost

LaTeX Go Total Cost = Fixed Cost+Total Variable Cost

Fixed Cost

LaTeX Go Fixed Cost = Total Cost-Total Variable Cost

Total Variable Cost Formula

LaTeX Go

Total Variable Cost = Total Cost-Fixed Cost
TVC = T_c-FC

What are the two categories of Construction Economic Problems?

Economic studies are concerned with the difference in economic results from alternative courses of action. In general, we can classify construction economic problems into the following two types.
1 Primary economic comparison: It implies all the factors influencing the decision are already present. The effects of time are usually irrelevant. It can be further subdivided into two types:
i. Present Economic Studies
ii. Break-even analysis
2 Time-based studies: Time-based studies deal with cash flow forecasting and investment appraisal.

What is the Cost & type of Profits?

Cost is typically the expense incurred for making a product or service that is sold by a company. Price is the amount a customer is willing to pay for a product or service. The cost of producing a product has a direct impact on both the price of the product and the profit earned from its sale.
Businesses use three types of profit to examine different areas of their companies. They are gross profit, operating profit, and net profit.
Gross Profit: Gross profit subtracts the cost of goods sold (COGS) from total sales.
Operating Profit: Operating profit includes both variable and fixed costs.
Net Profit: Net profit includes all costs. It's the most accurate representation of how much money the business is making.

How to Calculate Total Variable Cost?

Total Variable Cost calculator uses Total Variable Cost = Total Cost-Fixed Cost to calculate the Total Variable Cost, The Total Variable Cost formula is defined as the cost that varies with the change in the total output. The Total Cost is 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. The total cost includes both the variable cost and the fixed cost. Total Variable Cost is denoted by TVC symbol.

How to calculate Total Variable Cost using this online calculator? To use this online calculator for Total Variable Cost, enter Total Cost (T_c) & Fixed Cost (FC) and hit the calculate button. Here is how the Total Variable Cost calculation can be explained with given input values -> 1500 = 3500-2000.

FAQ

What is Total Variable Cost?

The Total Variable Cost formula is defined as the cost that varies with the change in the total output. The Total Cost is 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. The total cost includes both the variable cost and the fixed cost and is represented as TVC = T_c-FC or Total Variable Cost = Total Cost-Fixed Cost. Total Cost refers to the cost of equipment at sight, which includes the unloading and loading charges etc & Fixed Cost are the cost that does not change with an increase or decrease in the number of goods or services produced or sold.

How to calculate Total Variable Cost?

The Total Variable Cost formula is defined as the cost that varies with the change in the total output. The Total Cost is 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. The total cost includes both the variable cost and the fixed cost is calculated using Total Variable Cost = Total Cost-Fixed Cost. To calculate Total Variable Cost, you need Total Cost (T_c) & Fixed Cost (FC). With our tool, you need to enter the respective value for Total Cost & Fixed Cost and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.

Home

FREE PDFs

🔍 Search