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Total Machining and Operating Costs given Individual Costs Formula

GoTotal Machining and Operating Costs given Total Production Cost Formula

GoTotal Machining and Operating Costs using Average Production Cost Formula

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

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

C_o - Total Machining And Operating Cost?TPC - Total Production Cost?TNPC - Total Non Productive Cost?TCC - Total Tool Changing Cost?TTC - Total Cost of Tools Used?

Total Machining and Operating Costs given Individual Costs Example

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Here is how the Total Machining and Operating Costs given Individual Costs equation looks like with Values.

Here is how the Total Machining and Operating Costs given Individual Costs equation looks like with Units.

Here is how the Total Machining and Operating Costs given Individual Costs equation looks like.

28450 = 30000 - (10 + 540 + 1000)

28450 = 30000 - (10 + 540 + 1000)

28450 = 30000 - (10 + 540 + 1000)

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Total Machining and Operating Costs given Individual Costs Solution

Follow our step by step solution on how to calculate Total Machining and Operating Costs given Individual Costs?

FIRST Step Consider the formula

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

Next Step Substitute values of Variables

∴

C o = 30000 - (10 + 540 + 1000)

Next Step Prepare to Evaluate

∴

C o = 30000 - (10 + 540 + 1000)

LAST Step Evaluate

∴

C o = 28450

Total Machining and Operating Costs given Individual Costs Formula Elements

Variables

Total Machining And Operating Cost

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

Symbol: C_o

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Total Machining And Operating Cost

Total Production Cost

Total Production Cost is the total amount that it takes to produce a batch of components from scratch.

Symbol: TPC

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Total Production Cost

Total Non Productive Cost

Total Non Productive Cost is the amount spent on activities that do not result in any productivity or profit to the plant during the manufacturing of a batch of components.

Symbol: TNPC

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Total Non Productive Cost

Total Tool Changing Cost

Total Tool Changing Cost is the total cost that arises due to the time taken by the operator in changing the cutting Tool when one is paid by the hour.

Symbol: TCC

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 is the sum of the amount of all tools that have been used for production.

Symbol: TTC

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Total Cost of Tools Used

Other Formulas to find Total Machining And Operating Cost

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

Other formulas in Machining Cost category

Go Total Machining and Operating Cost

C r = M \cdot TPT

Go Machining and Operating Rate given Total Machining and Operating Cost

M = \frac{C r}{TPT}

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))

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

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

How to Evaluate Total Machining and Operating Costs given Individual Costs?

Total Machining and Operating Costs given Individual Costs evaluator uses Total Machining And Operating Cost = Total Production Cost-(Total Non Productive Cost+Total Tool Changing Cost+Total Cost of Tools Used) to evaluate the Total Machining And Operating Cost, The Total Machining and Operating Costs given Individual Costs is a method to determine the capital that must be invested for machining and operating processes to be afforded for a whole batch when based on the expense it took for different activities of production. Total Machining And Operating Cost is denoted by C_o symbol.

How to evaluate Total Machining and Operating Costs given Individual Costs using this online evaluator? To use this online evaluator for Total Machining and Operating Costs given Individual Costs, enter Total Production Cost (TPC), Total Non Productive Cost (TNPC), Total Tool Changing Cost (TCC) & Total Cost of Tools Used (TTC) and hit the calculate button.

FAQs on Total Machining and Operating Costs given Individual Costs

What is the formula to find Total Machining and Operating Costs given Individual Costs?

The formula of Total Machining and Operating Costs given Individual Costs is expressed as Total Machining And Operating Cost = Total Production Cost-(Total Non Productive Cost+Total Tool Changing Cost+Total Cost of Tools Used). Here is an example- 13920 = 30000-(10+540+1000).

How to calculate Total Machining and Operating Costs given Individual Costs?

With Total Production Cost (TPC), Total Non Productive Cost (TNPC), Total Tool Changing Cost (TCC) & Total Cost of Tools Used (TTC) we can find Total Machining and Operating Costs given Individual Costs using the formula - Total Machining And Operating Cost = Total Production Cost-(Total Non Productive Cost+Total Tool Changing Cost+Total Cost of Tools Used).

What are the other ways to Calculate Total Machining And Operating Cost?

Here are the different ways to Calculate Total Machining And Operating Cost-

Total Machining And Operating Cost=Total Production Cost-(Total Cost of Tools Used+Total Tool Changing Cost+Total Non Productive Cost)
Total Machining And Operating Cost=(Production Cost of Each Component-(Average Cost of A Tool*Non Productive Time)-(Number of Tools Used/Batch Size*(Average Cost of A Tool*Time to Change One Tool+Average Cost of A Tool)))*Batch Size

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: Unit

Total Machining and Operating Costs given Individual Costs Formula

​GoTotal Machining and Operating Costs given Total Production Cost Formula

​GoTotal Machining and Operating Costs using Average Production Cost Formula

Total Machining and Operating Costs given Individual Costs Example

Total Machining and Operating Costs given Individual Costs Solution

Total Machining and Operating Costs given Individual Costs Formula Elements

Other Formulas to find Total Machining And Operating Cost

Other formulas in Machining Cost category

How to Evaluate Total Machining and Operating Costs given Individual Costs?

FAQs on Total Machining and Operating Costs given Individual Costs

Variable Name

GoTotal Machining and Operating Costs given Total Production Cost Formula

GoTotal Machining and Operating Costs using Average Production Cost Formula