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Production Cost of Each Component is the total amount that it takes to produce a single component from scratch. Check FAQs
Cpr=S-P
Cpr - Production Cost of Each Component?S - Amount Received For Each Component?P - Profit Per Component?

Cost of Production given Profit per Component Example

With values
With units
Only example

Here is how the Cost of Production given Profit per Component equation looks like with Values.

Here is how the Cost of Production given Profit per Component equation looks like with Units.

Here is how the Cost of Production given Profit per Component equation looks like.

15000Edit=20000Edit-5000Edit
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HomeIcon Home » Category Engineering » Category Production Engineering » Category Metal Machining » fx Cost of Production given Profit per Component

Cost of Production given Profit per Component Solution

Follow our step by step solution on how to calculate Cost of Production given Profit per Component?

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

Cost of Production given Profit per Component Formula Elements

Variables
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
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

Other Formulas to find Production Cost of Each Component

​Go Cost of Production given Profit Rate
Cpr=S-(MPR⋅tp)

Other formulas in Maximum Efficiency category

​Go Amount Received by Machine Shop given Profit per Component
S=P+Cpr
​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 Cost of Production given Profit per Component?

Cost of Production given Profit per Component evaluator uses Production Cost of Each Component = Amount Received For Each Component-Profit Per Component to evaluate the Production Cost of Each Component, The Cost of Production given Profit per Component is a method to determine the production cost of a single component based on the profit the machine shop makes on it. Production Cost of Each Component is denoted by Cpr symbol.

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

FAQs on Cost of Production given Profit per Component

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