Medication administration is a core nursing competency that requires the ability to accurately calculate dosages. While technologies like barcodes have reduced errors, nurses cannot fully rely on them. This document reviews the universal formula method for calculating oral, intravenous, subcutaneous, and intravenous drip dosages. It provides examples of using the formula to determine the number of tablets or milliliters of medication required. It also includes a practice quiz on calculating intravenous drip rates.