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Non-Productive Cost of Each Component given Total Production Cost Formula

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Non Productive Cost of Each Component is the amount spent on activities like setting up, that does not result in any productivity or profit to the plant for manufacturing of a single component. Check FAQs

C np = C tp - (N \cdot C \cdot t + N t \cdot ((C \cdot t c) + C))

C_np - Non Productive Cost of Each Component?C_tp - Total Production Cost?N - Batch Size?C - Cost of a Tool?t - Machining Time?N_t - Number of Tools Used?t_c - Time to Change One Tool?

Non-Productive Cost of Each Component given Total Production Cost Example

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

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

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

8640 = 30000 - (2 \cdot 80 \cdot 87 + 3 \cdot ((80 \cdot 30) + 80))

8640 = 30000 - (2 \cdot 80 \cdot 87s + 3 \cdot ((80 \cdot 30s) + 80))

8640 = 30000 - (2 \cdot 80 \cdot 87 + 3 \cdot ((80 \cdot 30) + 80))

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Non-Productive Cost of Each Component given Total Production Cost Solution

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

FIRST Step Consider the formula

C np = C tp - (N \cdot C \cdot t + N t \cdot ((C \cdot t c) + C))

Next Step Substitute values of Variables

∴

C np = 30000 - (2 \cdot 80 \cdot 87s + 3 \cdot ((80 \cdot 30s) + 80))

Next Step Prepare to Evaluate

∴

C np = 30000 - (2 \cdot 80 \cdot 87 + 3 \cdot ((80 \cdot 30) + 80))

LAST Step Evaluate

∴

C np = 8640

Non-Productive Cost of Each Component given Total Production Cost Formula Elements

Variables

Non Productive Cost of Each Component

Non Productive Cost of Each Component is the amount spent on activities like setting up, that does not result in any productivity or profit to the plant for manufacturing of a single component.

Symbol: C_np

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Non Productive Cost of Each Component

Total Production Cost

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

Symbol: C_tp

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Total Production Cost

Batch Size

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

Symbol: N

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Batch Size

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

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

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

Time to Change One Tool

Time to change one tool often referred to as tool change time, includes the duration taken to remove the used tool and install a new one.

Symbol: t_c

Measurement: TimeUnit: s

Note: Value should be greater than 0.

Formulas to find Time to Change One Tool

Other formulas in Total Production Cost category

Go Total Production Cost for given Batch Size

C tp = N \cdot C p

Go Total Production Cost

C tp = N \cdot (C \cdot (t s + t)) + N t \cdot (C \cdot t c + C)

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

Non-Productive Cost of Each Component given Total Production Cost evaluator uses Non Productive Cost of Each Component = Total Production Cost-(Batch Size*Cost of a Tool*Machining Time+Number of Tools Used*((Cost of a Tool*Time to Change One Tool)+Cost of a Tool)) to evaluate the Non Productive Cost of Each Component, The Non-Productive Cost of Each component given Total Production Cost is a method to determine the maximum capital that can be spared on a non-profitable activity during the manufacturing of a batch of components. Non Productive Cost of Each Component is denoted by C_np symbol.

How to evaluate Non-Productive Cost of Each Component given Total Production Cost using this online evaluator? To use this online evaluator for Non-Productive Cost of Each Component given Total Production Cost, enter Total Production Cost (C_tp), Batch Size (N), Cost of a Tool (C), Machining Time (t), Number of Tools Used (N_t) & Time to Change One Tool (t_c) and hit the calculate button.

FAQs on Non-Productive Cost of Each Component given Total Production Cost

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

The formula of Non-Productive Cost of Each Component given Total Production Cost is expressed as Non Productive Cost of Each Component = Total Production Cost-(Batch Size*Cost of a Tool*Machining Time+Number of Tools Used*((Cost of a Tool*Time to Change One Tool)+Cost of a Tool)). Here is an example- 8640 = 30000-(2*80*87+3*((80*30)+80)).

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

With Total Production Cost (C_tp), Batch Size (N), Cost of a Tool (C), Machining Time (t), Number of Tools Used (N_t) & Time to Change One Tool (t_c) we can find Non-Productive Cost of Each Component given Total Production Cost using the formula - Non Productive Cost of Each Component = Total Production Cost-(Batch Size*Cost of a Tool*Machining Time+Number of Tools Used*((Cost of a Tool*Time to Change One Tool)+Cost of a Tool)).

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Non-Productive Cost of Each Component given Total Production Cost Formula

Non-Productive Cost of Each Component given Total Production Cost Example

Non-Productive Cost of Each Component given Total Production Cost Solution

Non-Productive Cost of Each Component given Total Production Cost Formula Elements

Other formulas in Total Production Cost category

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

FAQs on Non-Productive Cost of Each Component given Total Production Cost

Variable Name