Question

TVC = 300. TFC = 200. Calculate TC.

Answer 1

To calculate Total Cost (TC), we can use the formula:

TC = TFC + TVC

Given that TFC (Total Fixed Cost) is 200 and TVC (Total Variable Cost) is 300, we can substitute these values into the formula:

TC = 200 + 300
TC = 500

Therefore, the Total Cost (TC) is 500

Answer 2

To calculate the Total Cost (TC) given the Total Variable Cost (TVC) of $300 and Total Fixed Cost (TFC) of $200, you simply add them together to find that TC equals $500.

Step-by-step explanation:

The student has provided values for Total Variable Cost (TVC) and Total Fixed Cost (TFC) and is asking to calculate the Total Cost (TC). In cost accounting, the Total Cost (TC) is the sum of the Total Variable Cost (TVC) and Total Fixed Cost (TFC). Using the provided information, we have TVC equals $300 and TFC equals $200. To calculate TC, we simply add these two costs together:

TC = TVC + TFC

TC = $300 + $200

TC = $500

Therefore, the Total Cost (TC) is $500.