The formula to calculate the total cupcake cost is:
\[ \text{TC} = \#\text{CC} \times \text{CPC} \]
Where:
The average cost of a standard cupcake, including raw materials and labor, is approximately 50 cents.
Let's consider an example:
Using the formula to calculate the total cupcake cost:
\[ \text{TC} = 100 \times 0.50 = 50 \text{ dollars} \]
This means that the Total Cupcake Cost per Day (TC) is $50.