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Amount Received For Each Component is the amount of money the machine shop receives for machining each component. Check FAQs
S=P+Cpr
S - Amount Received For Each Component?P - Profit Per Component?Cpr - Production Cost of Each Component?

Amount Received by Machine Shop given Profit per Component Example

With values
With units
Only example

Here is how the Amount Received by Machine Shop given Profit per Component equation looks like with Values.

Here is how the Amount Received by Machine Shop given Profit per Component equation looks like with Units.

Here is how the Amount Received by Machine Shop given Profit per Component equation looks like.

20000Edit=5000Edit+15000Edit
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Amount Received by Machine Shop given Profit per Component Solution

Follow our step by step solution on how to calculate Amount Received by Machine Shop given Profit per Component?

FIRST Step Consider the formula
S=P+Cpr
Next Step Substitute values of Variables
∴ S=5000+15000
Next Step Prepare to Evaluate
∴ S=5000+15000
LAST Step Evaluate
∴S=20000

Amount Received by Machine Shop given Profit per Component Formula Elements

Variables
Amount Received For Each Component
Amount Received For Each Component is the amount of money the machine shop receives for machining each component.
Symbol: S
Measurement: NAUnit: Unitless
Note: Value should be greater than 0.
Formulas to find Amount Received For Each ComponentOpen Variable
Profit Per Component
Profit Per Component is the net profit the machine shop makes when it delivers one produced component.
Symbol: P
Measurement: NAUnit: Unitless
Note: Value should be greater than 0.
Formulas to find Profit Per ComponentOpen Variable
Production Cost of Each Component
Production Cost of Each Component is the total amount that it takes to produce a single component from scratch.
Symbol: Cpr
Measurement: NAUnit: Unitless
Note: Value should be greater than 0.
Formulas to find Production Cost of Each ComponentOpen Variable

Other Formulas to find Amount Received For Each Component

​Go Amount Received by Machine Shop given Profit Rate
S=(MPR⋅tp)+Cpr

Other formulas in Maximum Efficiency category

​Go Cost of Production given Profit per Component
Cpr=S-P
​Go Profit per component produced
P=S-Cpr
​Go Rate of Profit
MPR=S-Cprtp
​Go Production Time per component given Profit Rate
tp=S-CprMPR

How to Evaluate Amount Received by Machine Shop given Profit per Component?

Amount Received by Machine Shop given Profit per Component evaluator uses Amount Received For Each Component = Profit Per Component+Production Cost of Each Component to evaluate the Amount Received For Each Component, The Amount Received by Machine Shop given Profit per Component is a method to determine the amount to be paid to the machine shop when the profit per component has been fixed for them. Amount Received For Each Component is denoted by S symbol.

How to evaluate Amount Received by Machine Shop given Profit per Component using this online evaluator? To use this online evaluator for Amount Received by Machine Shop given Profit per Component, enter Profit Per Component (P) & Production Cost of Each Component (Cpr) and hit the calculate button.

FAQs on Amount Received by Machine Shop given Profit per Component

What is the formula to find Amount Received by Machine Shop given Profit per Component?
The formula of Amount Received by Machine Shop given Profit per Component is expressed as Amount Received For Each Component = Profit Per Component+Production Cost of Each Component. Here is an example- 20000 = 5000+15000.
How to calculate Amount Received by Machine Shop given Profit per Component?
With Profit Per Component (P) & Production Cost of Each Component (Cpr) we can find Amount Received by Machine Shop given Profit per Component using the formula - Amount Received For Each Component = Profit Per Component+Production Cost of Each Component.
What are the other ways to Calculate Amount Received For Each Component?
Here are the different ways to Calculate Amount Received For Each Component-
  • Amount Received For Each Component=(Maximum Profit Rate*Average Production Time)+Production Cost of Each ComponentOpenImg
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