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Non-Productive Cost of Component given Average Production Cost Formula

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Non average production cost is the amount spent on activities like setting up, that does not result in any productivity profit to the plant for manufacturing of a single component. Check FAQs

C ai = C pr - (C t \cdot t m + (\frac{N t}{N b}) \cdot (C t \cdot T + C t))

C_ai - Non Average Production Cost?C_pr - Production Cost of Each Component?C_t - Cost of a Tool?t_m - Machining Time?N_t - Number of Tools Used?N_b - Batch Size?T - Tool Changing Time?

Non-Productive Cost of Component given Average Production Cost Example

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Here is how the Non-Productive Cost of Component given Average Production Cost equation looks like with Values.

Here is how the Non-Productive Cost of Component given Average Production Cost equation looks like with Units.

Here is how the Non-Productive Cost of Component given Average Production Cost equation looks like.

4320 = 11400 - (80 \cdot 1.15 + (\frac{3}{2}) \cdot (80 \cdot 0.2 + 80))

4320 = 11400 - (80 \cdot 1.15min + (\frac{3}{2}) \cdot (80 \cdot 0.2min + 80))

4320 = 11400 - (80 \cdot 1.15 + (\frac{3}{2}) \cdot (80 \cdot 0.2 + 80))

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Non-Productive Cost of Component given Average Production Cost Solution

Follow our step by step solution on how to calculate Non-Productive Cost of Component given Average Production Cost?

FIRST Step Consider the formula

C ai = C pr - (C t \cdot t m + (\frac{N t}{N b}) \cdot (C t \cdot T + C t))

Next Step Substitute values of Variables

∴

C ai = 11400 - (80 \cdot 1.15min + (\frac{3}{2}) \cdot (80 \cdot 0.2min + 80))

Next Step Convert Units

∴

C ai = 11400 - (80 \cdot 69s + (\frac{3}{2}) \cdot (80 \cdot 12s + 80))

Next Step Prepare to Evaluate

∴

C ai = 11400 - (80 \cdot 69 + (\frac{3}{2}) \cdot (80 \cdot 12 + 80))

LAST Step Evaluate

∴

C ai = 4320

Non-Productive Cost of Component given Average Production Cost Formula Elements

Variables

Non Average Production Cost

Non average production cost is the amount spent on activities like setting up, that does not result in any productivity profit to the plant for manufacturing of a single component.

Symbol: C_ai

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Non Average Production Cost

Production Cost of Each Component

Production cost of each component involves accounting for various factors, including material costs, labor, machine operating costs, tool costs, overhead, and other related expenses.

Symbol: C_pr

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Production Cost of Each Component

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_t

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Cost of a Tool

Machining Time

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

Symbol: t_m

Measurement: TimeUnit: min

Note: Value should be greater than 0.

Formulas to find Machining Time

Number of Tools Used

The Number of Tools Used is the total number of tools used for manufacturing a batch of products.

Symbol: N_t

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Number of Tools Used

Batch Size

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

Symbol: N_b

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Batch Size

Tool Changing Time

Tool changing time referred to as tool change time, is the duration required to remove a used tool and replace it with a new one.

Symbol: T

Measurement: TimeUnit: min

Note: Value should be greater than 0.

Formulas to find Tool Changing Time

Other formulas in Average Production Cost category

Go Number of Tools used given Average Production Cost

N t = N b \cdot \frac{C pr - C t \cdot (t s + t m)}{C t \cdot t c + C t}

Go Number of Tools used given Average Production Time

N t = N b \cdot \frac{t p - (t s + t m)}{t c}

How to Evaluate Non-Productive Cost of Component given Average Production Cost?

Non-Productive Cost of Component given Average Production Cost evaluator uses Non Average Production Cost = Production Cost of Each Component-(Cost of a Tool*Machining Time+(Number of Tools Used/Batch Size)*(Cost of a Tool*Tool Changing Time+Cost of a Tool)) to evaluate the Non Average Production Cost, The Non-Productive Cost of Component given Average Production Cost refers to the portion of the total production cost that does not directly contribute to the actual machining process. These costs are associated with activities that do not result in the physical transformation of raw materials into finished products but are necessary for production to occur. Non Average Production Cost is denoted by C_ai symbol.

How to evaluate Non-Productive Cost of Component given Average Production Cost using this online evaluator? To use this online evaluator for Non-Productive Cost of Component given Average Production Cost, enter Production Cost of Each Component (C_pr), Cost of a Tool (C_t), Machining Time (t_m), Number of Tools Used (N_t), Batch Size (N_b) & Tool Changing Time (T) and hit the calculate button.

FAQs on Non-Productive Cost of Component given Average Production Cost

What is the formula to find Non-Productive Cost of Component given Average Production Cost?

The formula of Non-Productive Cost of Component given Average Production Cost is expressed as Non Average Production Cost = Production Cost of Each Component-(Cost of a Tool*Machining Time+(Number of Tools Used/Batch Size)*(Cost of a Tool*Tool Changing Time+Cost of a Tool)). Here is an example- 4320 = 11400-(80*69+(3/2)*(80*12+80)).

How to calculate Non-Productive Cost of Component given Average Production Cost?

With Production Cost of Each Component (C_pr), Cost of a Tool (C_t), Machining Time (t_m), Number of Tools Used (N_t), Batch Size (N_b) & Tool Changing Time (T) we can find Non-Productive Cost of Component given Average Production Cost using the formula - Non Average Production Cost = Production Cost of Each Component-(Cost of a Tool*Machining Time+(Number of Tools Used/Batch Size)*(Cost of a Tool*Tool Changing Time+Cost of a Tool)).

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Non-Productive Cost of Component given Average Production Cost Formula

Non-Productive Cost of Component given Average Production Cost Example

Non-Productive Cost of Component given Average Production Cost Solution

Non-Productive Cost of Component given Average Production Cost Formula Elements

Other formulas in Average Production Cost category

How to Evaluate Non-Productive Cost of Component given Average Production Cost?

FAQs on Non-Productive Cost of Component given Average Production Cost

Variable Name