Total Manufacturing Cost Calculator

Total Manufacturing Cost Calculator calculator can be used to calculate the total cost of manufacturing a product by considering direct materials, direct labor, variable overhead, and fixed overhead.

Input Parameters

Calculation Results

Calculation Formula

Total Manufacturing Cost = Direct Materials + Direct Labor + Variable Overhead + Fixed Overhead

Where:
Direct Materials: Cost of raw materials used in production.
Direct Labor: Wages paid to workers directly involved in production.
Variable Overhead: Costs that vary with production volume, such as utilities.
Fixed Overhead: Costs that remain constant regardless of production volume, such as rent.

Total Manufacturing Cost

Total Manufacturing Cost Calculator Calculator Usage Guide

Learn how to use the Total Manufacturing Cost Calculator calculator and its working principles

How to Use the Calculator

  1. Enter the cost of direct materials in the "Direct Materials" field.
  2. Enter the cost of direct labor in the "Direct Labor" field.
  3. Enter the cost of variable overhead in the "Variable Overhead" field.
  4. Enter the cost of fixed overhead in the "Fixed Overhead" field.
  5. Click the "Calculate" button to compute the total manufacturing cost.
  6. The result will be displayed in the "Total Manufacturing Cost" field.

Principle of Calculation

The total manufacturing cost is calculated by summing up the direct materials, direct labor, variable overhead, and fixed overhead. This gives a comprehensive view of the total cost involved in manufacturing a product.

Example

If the direct materials cost $50, direct labor cost $30, variable overhead cost $20, and fixed overhead cost $40, the total manufacturing cost would be $140.