Total Production Cost Calculator
Aggregate direct material, direct labor, factory utilities, equipment depreciation, indirect supplies, and supervision into a comprehensive cost schedule.
Total Production Run Parameters
Total Production Cost Schedule
Total Production Cost = (Direct Materials + Direct Labor + Subcontracting) + (Utilities + Depreciation + Supplies + Supervision)- Direct Costs: Traceable 1-to-1 to product output (materials, operator labor, outsourced plating/finishing).
- Indirect Costs: Factory-wide operating overhead shared across production lines.
Step-by-Step Worked Example
Calculation Steps:
- Direct Costs = $35,000 + $20,000 + $5,000 = $60,000
- Indirect Costs = $6,000 + $8,000 + $2,000 + $9,000 = $25,000
- Total Production Cost = $60,000 + $25,000 = $85,000
- Unit Cost = $85,000 / 5,000 = $17.00 / unit
How to Use This Calculator
- 1Fill in direct line expenses: raw materials, assembly wages, and subcontracting.
- 2Fill in factory support expenses: utilities, depreciation, supplies, and supervision.
- 3Enter production output to see cost per completed unit.
Assumptions & Limitations
- Costs reflect GAAP absorption costing standards.
- Depreciation follows book depreciation for factory machinery.
Frequently Asked Questions
Does total production cost include packaging?
Primary product packaging (e.g., blister packs, product bottles) is included in direct materials. Secondary shipping master cartons can be categorized as production overhead or shipping logistics.
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