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Total Mixed Cost v2

`TMC = FC +( VCG * N )`
`(FC)"Fixed Cost"`
`(VCG)"Variable Cost per Guest"`
`(N)"Number of Guests"`
Tags
Hospitality

The Total Mixed Cost calculator computes the total mixed cost based on the fixed costs (FC) , the variable cost per guest (VCG) and the number of guests (N).

INSTRUCTIONS: Choose units and enter the following:

  • (FC) Fixed Costs
  • (VCG) Variable Cost per Guest.
  • (N)  Number of Guests.

Total Mixed Cost (TMC): The calculator returns the cost in US dollars.  However this can be automatically converted to other currencies via the pull-down menu.

The Math / Science

A mixed cost is a cost that contains both a fixed component and a variable component. The formula for the Total Mixed Cost is:

  TMC=FC+(VCG ⋅ N)

where:

  • TMC = Total Mixed Cost
  • FC = Fixed Costs
  • VCG = Variable Cost per Guest
  • N = Number of Guests

Resource:

  • Dopson, Lea R., and David K. Hayes. Managerial Accounting for the Hospitality Industry. Hoboken, NJ: Wiley, 2009. Print.
  • "What Is a Mixed cost? - Questions & Answers - AccountingTools." AccountingTools. N.p., n.d. Web. 07 Aug. 2015.