Transcription Cost Calculator

Formula

The formula to calculate the Transcription Cost (TC) is:

\[ TC = TR \cdot AT \]

Where:

$ TR $ is the transcription rate ($/min).
$ AT $ is the total audio time (min).

Example

Let's say the Transcription Rate ($ TR $) is $1.50 per minute, and the Total Audio Time ($ AT $) is 60 minutes. Using the formula:

\[ TC = 1.50 \cdot 60 \]

We get:

\[ TC = 1.50 \cdot 60 = 90 \text{ dollars} \]

So, the Transcription Cost ($ TC $) is $90.

What is Transcription Cost?

Transcription Cost is the total cost incurred for transcribing audio content. It is calculated by multiplying the transcription rate (cost per minute of audio) by the total audio time. This metric is important for budgeting and cost estimation in projects involving audio transcription.