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Non-Productive Cost of One Component given Individual Costs 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 a = \frac{C p - (C m + C t + c)}{B}

C_a - Non Average Production Cost?C_p - Total Production Cost?C_m - Total Machining and Operating Cost?C_t - Total Tool Changing Cost?c - Total Cost of Tools Used?B - Batch Size?

Non-Productive Cost of One Component given Individual Costs Example

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Here is how the Non-Productive Cost of One Component given Individual Costs equation looks like with Values.

Here is how the Non-Productive Cost of One Component given Individual Costs equation looks like with Units.

Here is how the Non-Productive Cost of One Component given Individual Costs equation looks like.

5 = \frac{30000 - (100 + 75 + 29815)}{2}

5 = \frac{30000 - (100 + 75 + 29815)}{2}

5 = \frac{30000 - (100 + 75 + 29815)}{2}

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Non-Productive Cost of One Component given Individual Costs Solution

Follow our step by step solution on how to calculate Non-Productive Cost of One Component given Individual Costs?

FIRST Step Consider the formula

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

Next Step Substitute values of Variables

∴

C a = \frac{30000 - (100 + 75 + 29815)}{2}

Next Step Prepare to Evaluate

∴

C a = \frac{30000 - (100 + 75 + 29815)}{2}

LAST Step Evaluate

∴

C a = 5

Non-Productive Cost of One Component given Individual Costs 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_a

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Non Average Production Cost

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 Machining and Operating Cost

Total machining and operating cost involves considering various cost factors, including material costs, labor costs, machine operating costs, tool costs, overhead, and additional related expenses.

Symbol: C_m

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Total Machining and Operating 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

Other formulas in Individual Cost category

Go Total Non-Productive Cost given Individual Costs

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

Go Total Production Cost given Individual Costs

C p = C np + C m + C t + c

Go Setup Time for Each Product given Individual Costs

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

Go Machining Time for Each Product given Individual Costs

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

How to Evaluate Non-Productive Cost of One Component given Individual Costs?

Non-Productive Cost of One Component given Individual Costs evaluator uses Non Average Production Cost = (Total Production Cost-(Total Machining and Operating Cost+Total Tool Changing Cost+Total Cost of Tools Used))/Batch Size to evaluate the Non Average Production Cost, Non-Productive Cost of One Component given Individual Costs refers to the portion of the total cost that does not directly contribute to the actual machining of the component. This includes expenses related to activities that support the production process but do not involve active machining, such as setup time, tool changes, machine downtime, maintenance, and material handling. These costs are essential to understand for optimizing production efficiency and reducing overall costs. Non Average Production Cost is denoted by C_a symbol.

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

FAQs on Non-Productive Cost of One Component given Individual Costs

What is the formula to find Non-Productive Cost of One Component given Individual Costs?

The formula of Non-Productive Cost of One Component given Individual Costs is expressed as Non Average Production Cost = (Total Production Cost-(Total Machining and Operating Cost+Total Tool Changing Cost+Total Cost of Tools Used))/Batch Size. Here is an example- 5 = (30000-(100+75+29815))/2.

How to calculate Non-Productive Cost of One Component given Individual Costs?

With Total Production Cost (C_p), Total Machining and Operating Cost (C_m), Total Tool Changing Cost (C_t), Total Cost of Tools Used (c) & Batch Size (B) we can find Non-Productive Cost of One Component given Individual Costs using the formula - Non Average Production Cost = (Total Production Cost-(Total Machining and Operating Cost+Total Tool Changing Cost+Total Cost of Tools Used))/Batch Size.

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Non-Productive Cost of One Component given Individual Costs Formula

Non-Productive Cost of One Component given Individual Costs Example

Non-Productive Cost of One Component given Individual Costs Solution

Non-Productive Cost of One Component given Individual Costs Formula Elements

Other formulas in Individual Cost category

How to Evaluate Non-Productive Cost of One Component given Individual Costs?

FAQs on Non-Productive Cost of One Component given Individual Costs

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