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Total Machining and Operating Cost Formula

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Rate of Total Machining And Operating Cost is the rate of total amount of money required to machine a given batch of product. Check FAQs

C r = M \cdot TPT

C_r - Rate of Total Machining And Operating Cost?M - Machining And Operating Rate?TPT - Total Production Time?

Total Machining and Operating Cost Example

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Here is how the Total Machining and Operating Cost equation looks like with Values.

Here is how the Total Machining and Operating Cost equation looks like with Units.

Here is how the Total Machining and Operating Cost equation looks like.

100.0002 = 0.1667 \cdot 10

100.0002 = 0.1667 \cdot 10min

100.0002 = 0.1667 \cdot 10

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Total Machining and Operating Cost Solution

Follow our step by step solution on how to calculate Total Machining and Operating Cost?

FIRST Step Consider the formula

C r = M \cdot TPT

Next Step Substitute values of Variables

∴

C r = 0.1667 \cdot 10min

Next Step Convert Units

∴

C r = 0.1667 \cdot 600s

Next Step Prepare to Evaluate

∴

C r = 0.1667 \cdot 600

LAST Step Evaluate

∴

C r = 100.0002

Total Machining and Operating Cost Formula Elements

Variables

Rate of Total Machining And Operating Cost

Rate of Total Machining And Operating Cost is the rate of total amount of money required to machine a given batch of product.

Symbol: C_r

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Rate of Total Machining And Operating Cost

Machining And Operating Rate

Machining And Operating Rate is the money charged for processing on and operating machines per unit time, including overheads.

Symbol: M

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Machining And Operating Rate

Total Production Time

Total Production Time is the net time taken to produce a complete match of products, including overheads.

Symbol: TPT

Measurement: TimeUnit: min

Note: Value should be greater than 0.

Formulas to find Total Production Time

Other formulas in Machining Cost category

Go Machining and Operating Rate given Total Machining and Operating Cost

M = \frac{C r}{TPT}

Go Total Machining and Operating Costs given Total Production Cost

C o = TPC - (TTC + TCC + TNPC)

Go Total Machining and Operating Costs using Average Production Cost

C o = (C pr - (C' avg \cdot NPT) - (\frac{N t}{B} \cdot (C' avg \cdot t c + C' avg))) \cdot B

Go Machining and Operating Cost of Each Product using Total Production Cost

C total = TPC - (B \cdot C' avg \cdot t s + N t \cdot ((C' avg \cdot t c) + C' avg))

How to Evaluate Total Machining and Operating Cost?

Total Machining and Operating Cost evaluator uses Rate of Total Machining And Operating Cost = Machining And Operating Rate*Total Production Time to evaluate the Rate of Total Machining And Operating Cost, The Total Machining and Operating Cost is defined as the total amount of money required to machine a given batch of products. Rate of Total Machining And Operating Cost is denoted by C_r symbol.

How to evaluate Total Machining and Operating Cost using this online evaluator? To use this online evaluator for Total Machining and Operating Cost, enter Machining And Operating Rate (M) & Total Production Time (TPT) and hit the calculate button.

FAQs on Total Machining and Operating Cost

What is the formula to find Total Machining and Operating Cost?

The formula of Total Machining and Operating Cost is expressed as Rate of Total Machining And Operating Cost = Machining And Operating Rate*Total Production Time. Here is an example- 60000 = 0.166667*600.

How to calculate Total Machining and Operating Cost?

With Machining And Operating Rate (M) & Total Production Time (TPT) we can find Total Machining and Operating Cost using the formula - Rate of Total Machining And Operating Cost = Machining And Operating Rate*Total Production Time.

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Total Machining and Operating Cost Formula

Total Machining and Operating Cost Example

Total Machining and Operating Cost Solution

Total Machining and Operating Cost Formula Elements

Other formulas in Machining Cost category

How to Evaluate Total Machining and Operating Cost?

FAQs on Total Machining and Operating Cost

Variable Name