FormulaDen.com

Physics Chemistry Math Chemical Engineering Civil Electrical Electronics Electronics and Instrumentation Materials Science Mechanical Production Engineering Financial Health

Machining and Operating Rate using Individual Cost Formula

Fx Copy

LaTeX Copy

Cost of a tool is a multifaceted consideration that includes the initial purchase price, maintenance costs, tool life, and the impact on overall production costs. Check FAQs

C = \frac{C p - (C np + C t + c)}{B \cdot T}

C - Cost of a Tool?C_p - Total Production Cost?C_np - Total Non Productive Cost?C_t - Total Tool Changing Cost?c - Total Cost of Tools Used?B - Batch Size?T - Machining Time?

Machining and Operating Rate using Individual Cost Example

With values

With units

Only example

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

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

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

43.4783 = \frac{30000 - (10 + 75 + 29815)}{2 \cdot 1.15}

43.4783 = \frac{30000 - (10 + 75 + 29815)}{2 \cdot 1.15s}

43.4783 = \frac{30000 - (10 + 75 + 29815)}{2 \cdot 1.15}

Tip: Use pencil ( Pencil

) icon above to edit Input Values and Units.

Calculate

Recalculate

Solution

Copy

Reset

You are here -

Home » Category

Engineering » Category

Production Engineering » Category

Metal Machining » fx Machining and Operating Rate using Individual Cost

Machining and Operating Rate using Individual Cost Solution

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

FIRST Step Consider the formula

C = \frac{C p - (C np + C t + c)}{B \cdot T}

Next Step Substitute values of Variables

∴

C = \frac{30000 - (10 + 75 + 29815)}{2 \cdot 1.15s}

Next Step Prepare to Evaluate

∴

C = \frac{30000 - (10 + 75 + 29815)}{2 \cdot 1.15}

Next Step Evaluate

∴

C = 43.4782608695652

LAST Step Rounding Answer

∴

C = 43.4783

Machining and Operating Rate using Individual Cost Formula Elements

Variables

Cost of a Tool

Cost of a tool is a multifaceted consideration that includes the initial purchase price, maintenance costs, tool life, and the impact on overall production costs.

Symbol: C

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Cost of a Tool

Total Production Cost

Total Production Cost involves summing up various cost components associated with the machining process.

Symbol: C_p

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Total Production Cost

Total Non Productive Cost

Total Non Productive Cost is the amount spent on activities that do not result in any productivity or profit to the plant during the manufacturing of a batch of components.

Symbol: C_np

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Total Non Productive Cost

Total Tool Changing Cost

Total Tool Changing Cost involves accounting for both the direct and indirect expenses related to the tool change process.

Symbol: C_t

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Total Tool Changing Cost

Total Cost of Tools Used

Total cost of tools used refers to the comprehensive expense incurred for all tools required throughout the production process.

Symbol: c

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Total Cost of Tools Used

Batch Size

Batch size refers to the number of identical parts produced in a single production run or cycle.

Symbol: B

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Batch Size

Machining Time

Machining time refers to the total time required to complete a specific machining operation on a workpiece.

Symbol: T

Measurement: TimeUnit: s

Note: Value should be greater than 0.

Formulas to find Machining Time

Other formulas in Individual Cost category

Go Non-Productive Cost of One Component given Individual Costs

C a = \frac{C p - (C m + C t + c)}{B}

Go Total Non-Productive Cost given Individual Costs

C np = C p - (C m + C t + c)

How to Evaluate Machining and Operating Rate using Individual Cost?

Machining and Operating Rate using Individual Cost evaluator uses Cost of a Tool = (Total Production Cost-(Total Non Productive Cost+Total Tool Changing Cost+Total Cost of Tools Used))/(Batch Size*Machining Time) to evaluate the Cost of a Tool, Machining and Operating Rate using Individual Cost is a method to determine the maximum expense rate that can be afforded on machines and operators when based on the expenses it took for different activities in order to manufacture a complete batch of components. Cost of a Tool is denoted by C symbol.

How to evaluate Machining and Operating Rate using Individual Cost using this online evaluator? To use this online evaluator for Machining and Operating Rate using Individual Cost, enter Total Production Cost (C_p), Total Non Productive Cost (C_np), Total Tool Changing Cost (C_t), Total Cost of Tools Used (c), Batch Size (B) & Machining Time (T) and hit the calculate button.

FAQs on Machining and Operating Rate using Individual Cost

What is the formula to find Machining and Operating Rate using Individual Cost?

The formula of Machining and Operating Rate using Individual Cost is expressed as Cost of a Tool = (Total Production Cost-(Total Non Productive Cost+Total Tool Changing Cost+Total Cost of Tools Used))/(Batch Size*Machining Time). Here is an example- 43.47826 = (30000-(10+75+29815))/(2*1.15).

How to calculate Machining and Operating Rate using Individual Cost?

With Total Production Cost (C_p), Total Non Productive Cost (C_np), Total Tool Changing Cost (C_t), Total Cost of Tools Used (c), Batch Size (B) & Machining Time (T) we can find Machining and Operating Rate using Individual Cost using the formula - Cost of a Tool = (Total Production Cost-(Total Non Productive Cost+Total Tool Changing Cost+Total Cost of Tools Used))/(Batch Size*Machining Time).

Let Others Know

✖

Facebook

Twitter

Copied!

: Value
: Unit

Machining and Operating Rate using Individual Cost Formula

Machining and Operating Rate using Individual Cost Example

Machining and Operating Rate using Individual Cost Solution

Machining and Operating Rate using Individual Cost Formula Elements

Other formulas in Individual Cost category

How to Evaluate Machining and Operating Rate using Individual Cost?

FAQs on Machining and Operating Rate using Individual Cost

Variable Name