---
title: "Cost calculation formulas"
canonical: "https://support.appfire.com/space/SPM/1918832405/Cost%20calculation%20formulas"
format: markdown
---
| **Contents:**
> Macro (toc) |
| --- |
Here, you can find the formulas used for the cost calculations in the [Financials module](https://appfire.atlassian.net/wiki/spaces/SPM/pages/1918404223).
## Total cost
| **Rate applied** | **Formula** | **Required settings** |
| --- | --- | --- |
| Box rate | Remaining estimate:
`sum of (box hourly rate) * task workload hours `
`for each task in a period`
[Story Points](https://appfire.atlassian.net/wiki/spaces/SPM/pages/1918506126):
`sum of (box hourly rate) * Story Points for open tasks in a period * SP conversion ratio * AVG # working hours per day)` | 1. Box hourly rate
2. Tasks: estimates
3. Tasks: start or end date (at least one within the calculation period). |
| Team rates | Remaining estimate:
`sum of (team hourly rate) * task workload hours in a period `
`for each task in a period`
`and for each team`
[Story Points](https://appfire.atlassian.net/wiki/spaces/SPM/pages/1918506126):
`sum of (team hourly rate) * Story Points for open tasks in a period * SP conversion ratio * AVG # working hours per day)`
`for each team` | 1. Team hourly rates.
2. Team allocation to box.
3. Tasks: estimates.
4. Tasks: start or end date (at least one within the calculation period).
5. Task - team assignment. |
## Actual cost
| Rate applied | **Formula** | **Required inputs** |
| --- | --- | --- |
| Box rate | Time Spent:
`sum of (time spent * hourly rate)`
[Story Points](https://appfire.atlassian.net/wiki/spaces/SPM/pages/1918506126):
`sum of (box team rate) * (Story Points for completed tasks in a period * SP conversion ratio * AVG # of working hours per day)` | 1. Box hourly rate.
2. Tasks: time spent OR story points estimates.
3. Tasks: start or end date (at least one within the calculation period) |
| Team rates | Time Spent:
`sum of (time spent * hourly rate)`
[Story Points](https://appfire.atlassian.net/wiki/spaces/SPM/pages/1918506126):
`sum of (team rate) * (Story Points for completed tasks in a period * SP conversion ratio * AVG # of working hours per day)`
`for each team` | 1. Team hourly rates.
2. Team allocation to box.
3. Tasks: time spent OR story points estimates.
4. tasks: start or end date (at least one within the calculation period)
5. Task-team assignment. |
## Remaining cost
Total cost - Actual cost = Remaining cost