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How calculate total period cost?

Updated: 10/18/2022
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9y ago

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A total period cost is anything that is not prepaid. To calculate period cost, just include anything that is charged in the period incurred.

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9y ago
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Q: How calculate total period cost?
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Is overhead applied after the period?

Overhead is applied at start of production to calculate the cost of goods manufactured and to determine the total cost and profit as well.


How do you calculate total gross profit?

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


How do you calculate Total Cost without Total variable cost?

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


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Find total cost when quantity = 0.


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Fixed cost = total cost / sale volume


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Total cost are calculated by adding variable cost and fixed cost FC+VC=TC


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How do you calculate fixed cost using total cost and quantity?

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total revenue minus total cost


How do you calculate total manufacturing costs at the end of the period if beginning goods in process is 5000 ending goods in process is 15000 and cost of goods manufactured is 170000?

Total Manufacturing Cost = Cost of good manufactured + Closing Balance - Opening Total Manufacturing Cost = 170000 + 15000 - 5000 Total Manufacturing Cost = 180000