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Cost of Re-grindable Tool given Estimated Tool Costs Formula

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The Cost of A Tool is simply the cost of one tool being used for machining. Check FAQs

C t = (TC - C g) \cdot N g

C_t - Cost of A Tool?TC - Tool Cost?C_g - Cost of Grinding?N_g - Average Number of Regrinds Possible?

Cost of Re-grindable Tool given Estimated Tool Costs Example

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Here is how the Cost of Re-grindable Tool given Estimated Tool Costs equation looks like with Values.

Here is how the Cost of Re-grindable Tool given Estimated Tool Costs equation looks like with Units.

Here is how the Cost of Re-grindable Tool given Estimated Tool Costs equation looks like.

80 = (200 - 180) \cdot 4

80 = (200 - 180) \cdot 4

80 = (200 - 180) \cdot 4

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Cost of Re-grindable Tool given Estimated Tool Costs Solution

Follow our step by step solution on how to calculate Cost of Re-grindable Tool given Estimated Tool Costs?

FIRST Step Consider the formula

C t = (TC - C g) \cdot N g

Next Step Substitute values of Variables

∴

C t = (200 - 180) \cdot 4

Next Step Prepare to Evaluate

∴

C t = (200 - 180) \cdot 4

LAST Step Evaluate

∴

C t = 80

Cost of Re-grindable Tool given Estimated Tool Costs Formula Elements

Variables

Cost of A Tool

The Cost of A Tool is simply the cost of one tool being used for machining.

Symbol: C_t

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Cost of A Tool

Tool Cost

Tool Cost is the amount of money spend on the purchase, maintenance and changing of tools.

Symbol: TC

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Tool Cost

Cost of Grinding

Cost of Grinding is the amount spent on grinding of a given tool.

Symbol: C_g

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Cost of Grinding

Average Number of Regrinds Possible

Average Number of Regrinds Possible is the number of times a tool is supposed to be grindable to give a sharp edge.

Symbol: N_g

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Average Number of Regrinds Possible

Other formulas in Estimation Cost category

Go Operator's Overhead Percentage given Machining and Operating Rate

% opt = ((M - (M t \cdot \frac{100 + % mach}{100})) \cdot \frac{100}{W o}) - 100

Go Machine Overhead Percentage given Machining and Operating Rate

% mach = ((M - (W o \cdot \frac{100 + % opt}{100})) \cdot \frac{100}{M t}) - 100

Go Operator's Wage Rate given Machining and Operating Rate

W o = (M - (M t \cdot \frac{100 + % mach}{100})) \cdot \frac{100}{100 + % opt}

Go Machining and Operating Rate

M = (W o \cdot \frac{100 + % opt}{100}) + (M t \cdot \frac{100 + % mach}{100})

How to Evaluate Cost of Re-grindable Tool given Estimated Tool Costs?

Cost of Re-grindable Tool given Estimated Tool Costs evaluator uses Cost of A Tool = (Tool Cost-Cost of Grinding)*Average Number of Regrinds Possible to evaluate the Cost of A Tool, The Cost of Re-grindable Tool given Estimated Tool Costs is a method to determine the maximum amount that can be spent to purchase a re-grindable tool when there is a limit on the amount spent on Tool Costs. Cost of A Tool is denoted by C_t symbol.

How to evaluate Cost of Re-grindable Tool given Estimated Tool Costs using this online evaluator? To use this online evaluator for Cost of Re-grindable Tool given Estimated Tool Costs, enter Tool Cost (TC), Cost of Grinding (C_g) & Average Number of Regrinds Possible (N_g) and hit the calculate button.

FAQs on Cost of Re-grindable Tool given Estimated Tool Costs

What is the formula to find Cost of Re-grindable Tool given Estimated Tool Costs?

The formula of Cost of Re-grindable Tool given Estimated Tool Costs is expressed as Cost of A Tool = (Tool Cost-Cost of Grinding)*Average Number of Regrinds Possible. Here is an example- 80 = (200-180)*4.

How to calculate Cost of Re-grindable Tool given Estimated Tool Costs?

With Tool Cost (TC), Cost of Grinding (C_g) & Average Number of Regrinds Possible (N_g) we can find Cost of Re-grindable Tool given Estimated Tool Costs using the formula - Cost of A Tool = (Tool Cost-Cost of Grinding)*Average Number of Regrinds Possible.

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Cost of Re-grindable Tool given Estimated Tool Costs Formula

Cost of Re-grindable Tool given Estimated Tool Costs Example

Cost of Re-grindable Tool given Estimated Tool Costs Solution

Cost of Re-grindable Tool given Estimated Tool Costs Formula Elements

Other formulas in Estimation Cost category

How to Evaluate Cost of Re-grindable Tool given Estimated Tool Costs?

FAQs on Cost of Re-grindable Tool given Estimated Tool Costs

Variable Name