total cost

Definitions (2)

1. In accounting, the sum of fixed costs, variable costs, and semi-variable costs.
2. In the context of investments, the total amount spent on a particular investment, including the price of the investment itself, plus commissions, fees, other transaction costs, and taxes.

Use total cost in a sentence

You need to try and factor in how much the total cost of a project will be before you even begin it.

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The total cost was a lot higher than I hoped it would be and I decided to bring in a few more employees to help.

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The total costs were higher than expected so we needed to break the individual cost types down to better understand.

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direct labor cost direct material cost