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Machining and Operating Rate Formula

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Machining and Operating Rate is the money charged for processing on and operating machines per unit time, including overheads. Check FAQs

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

M - Machining and Operating Rate?W_o - Wage Rate?%_opt - Operator's Overhead Percentage?M_t - Depreciation Rate?%_mach - Machine Overhead Percentage?

Machining and Operating Rate Example

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Here is how the Machining and Operating Rate equation looks like with Values.

Here is how the Machining and Operating Rate equation looks like with Units.

Here is how the Machining and Operating Rate equation looks like.

100 = (83.1875 \cdot \frac{100 + 20}{100}) + (0.1 \cdot \frac{100 + 75}{100})

100 = (83.1875 \cdot \frac{100 + 20}{100}) + (0.1 \cdot \frac{100 + 75}{100})

100 = (83.1875 \cdot \frac{100 + 20}{100}) + (0.1 \cdot \frac{100 + 75}{100})

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Machining and Operating Rate Solution

Follow our step by step solution on how to calculate Machining and Operating Rate?

FIRST Step Consider the formula

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

Next Step Substitute values of Variables

∴

M = (83.1875 \cdot \frac{100 + 20}{100}) + (0.1 \cdot \frac{100 + 75}{100})

Next Step Prepare to Evaluate

∴

M = (83.1875 \cdot \frac{100 + 20}{100}) + (0.1 \cdot \frac{100 + 75}{100})

LAST Step Evaluate

∴

M = 100

Machining and Operating Rate Formula Elements

Variables

Machining and Operating Rate

Machining and Operating Rate is the money charged for processing on and operating machines per unit time, including overheads.

Symbol: M

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Machining and Operating Rate

Wage Rate

Wage Rate is defined as the worker's/operator's rate of pay.

Symbol: W_o

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Wage Rate

Operator's Overhead Percentage

Operator's Overhead Percentage is the percentage of his wage Rate spent indirectly on him, regardless of any revenue generated.

Symbol: %_opt

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Operator's Overhead Percentage

Depreciation Rate

Depreciation Rate is the rate at which the machine is depreciated across the estimated productive life of the machine.

Symbol: M_t

Measurement: NAUnit: Unitless

Note: Value can be positive or negative.

Formulas to find Depreciation Rate

Machine Overhead Percentage

Machine Overhead Percentage is the percentage of Capital spent on it, regardless of any work it performs.

Symbol: %_mach

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Machine Overhead Percentage

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 Initial Cost of Machine given Depreciation Rate

C mach = P amort \cdot N wh \cdot M t

How to Evaluate Machining and Operating Rate?

Machining and Operating Rate evaluator uses Machining and Operating Rate = (Wage Rate*(100+Operator's Overhead Percentage)/100)+(Depreciation Rate*(100+Machine Overhead Percentage)/100) to evaluate the Machining and Operating Rate, The Machining and Operating Rate is defined as the rate of payment to be made when a machine is bought and/or operated on. Machining and Operating Rate is denoted by M symbol.

How to evaluate Machining and Operating Rate using this online evaluator? To use this online evaluator for Machining and Operating Rate, enter Wage Rate (W_o), Operator's Overhead Percentage (%_opt), Depreciation Rate (M_t) & Machine Overhead Percentage (%_mach) and hit the calculate button.

FAQs on Machining and Operating Rate

What is the formula to find Machining and Operating Rate?

The formula of Machining and Operating Rate is expressed as Machining and Operating Rate = (Wage Rate*(100+Operator's Overhead Percentage)/100)+(Depreciation Rate*(100+Machine Overhead Percentage)/100). Here is an example- 84.175 = (83.1875*(100+20)/100)+(0.1*(100+75)/100).

How to calculate Machining and Operating Rate?

With Wage Rate (W_o), Operator's Overhead Percentage (%_opt), Depreciation Rate (M_t) & Machine Overhead Percentage (%_mach) we can find Machining and Operating Rate using the formula - Machining and Operating Rate = (Wage Rate*(100+Operator's Overhead Percentage)/100)+(Depreciation Rate*(100+Machine Overhead Percentage)/100).

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Machining and Operating Rate Formula

Machining and Operating Rate Example

Machining and Operating Rate Solution

Machining and Operating Rate Formula Elements

Other formulas in Estimation Cost category

How to Evaluate Machining and Operating Rate?

FAQs on Machining and Operating Rate

Variable Name