How to Calculate Average Monthly Consumption: A Step-by-Step Guide

Learn the simple formula to calculate your average monthly consumption from annual data effectively!

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Average Monthly Consumption is calculated using the formula: (Cumulative Annual Consumption) / 12. For example, if your annual consumption is 2400 units, your average monthly consumption is 200 units.

FAQs & Answers

  1. What is the formula for average monthly consumption? Average Monthly Consumption is calculated by dividing Cumulative Annual Consumption by 12.
  2. Why is calculating average monthly consumption important? It helps in budgeting, forecasting expenses, and understanding consumption patterns.
  3. Can average monthly consumption help with cost saving? Yes, by identifying consumption patterns, better budgeting can lead to cost savings.
  4. How can I track my annual consumption? You can track annual consumption through monthly billing statements or usage logs.

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