Total Cost of Tools Used given Individual Costs evaluator uses Total Cost of Tools Used = Total Production Cost-(Total Non Productive Cost+Total Machining and Operating Cost+Total Tool Changing Cost) to evaluate the Total Cost of Tools Used, Total Cost of Tools Used given Individual Costs refers to the cumulative expense incurred for all tools required throughout the production process. This cost is a component of the overall manufacturing costs and directly impacts the average production cost per component. Total Cost of Tools Used is denoted by c symbol.
How to evaluate Total Cost of Tools Used given Individual Costs using this online evaluator? To use this online evaluator for Total Cost of Tools Used given Individual Costs, enter Total Production Cost (Cp), Total Non Productive Cost (Cnp), Total Machining and Operating Cost (Cm) & Total Tool Changing Cost (Ct) and hit the calculate button.