FormulaDen logo
FormulaDen.com
Search
Physics Chemistry Math Chemical Engineering Civil Electrical Electronics Electronics and Instrumentation Materials Science Mechanical Production Engineering Financial Health
Fx Copy
LaTeX Copy
Total Machining And Operating Cost is the total amount of money required to machine a given batch of product. Check FAQs
Co=TPC-(TTC+TCC+TNPC)
Co - Total Machining And Operating Cost?TPC - Total Production Cost?TTC - Total Cost of Tools Used?TCC - Total Tool Changing Cost?TNPC - Total Non Productive Cost?

Total Machining and Operating Costs given Total Production Cost Example

With values
With units
Only example

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

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

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

28450Edit=30000Edit-(1000Edit+540Edit+10Edit)
Solution
Copy
Reset
Share
You are here -
HomeIcon Home » Category Engineering » Category Production Engineering » Category Metal Machining » fx Total Machining and Operating Costs given Total Production Cost

Total Machining and Operating Costs given Total Production Cost Solution

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

FIRST Step Consider the formula
Co=TPC-(TTC+TCC+TNPC)
Next Step Substitute values of Variables
∴ Co=30000-(1000+540+10)
Next Step Prepare to Evaluate
∴ Co=30000-(1000+540+10)
LAST Step Evaluate
∴Co=28450

Total Machining and Operating Costs given Total Production Cost 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: Co
Measurement: NAUnit: Unitless
Note: Value should be greater than 0.
Formulas to find Total Machining And Operating CostOpen Variable
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 CostOpen Variable
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 UsedOpen Variable
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 CostOpen Variable
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 CostOpen Variable

Other Formulas to find Total Machining And Operating Cost

​Go Total Machining and Operating Costs using Average Production Cost
Co=(Cpr-(C'avg⋅NPT)-(NtB⋅(C'avg⋅tc+C'avg)))⋅B
​Go Total Machining and Operating Costs given Individual Costs
Co=TPC-(TNPC+TCC+TTC)

Other formulas in Machining Cost category

​Go Total Machining and Operating Cost
Cr=M⋅TPT
​Go Machining and Operating Rate given Total Machining and Operating Cost
M=CrTPT
​Go Machining and Operating Cost of Each Product using Total Production Cost
Ctotal=TPC-(B⋅C'avg⋅ts+Nt⋅((C'avg⋅tc)+C'avg))
​Go Machining and Operating Cost of Each Product using Average Production Cost
Cavg=Cpr-(C'avg⋅ts+(NtB)⋅((C'avg⋅tc)+C'avg))

How to Evaluate Total Machining and Operating Costs given Total Production Cost?

Total Machining and Operating Costs given Total Production Cost evaluator uses Total Machining And Operating Cost = Total Production Cost-(Total Cost of Tools Used+Total Tool Changing Cost+Total Non Productive Cost) to evaluate the Total Machining And Operating Cost, The Total Machining and Operating Costs given Total Production Cost is a method to determine the maximum resources available for machining for the production of a given batch of components. Total Machining And Operating Cost is denoted by Co symbol.

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

FAQs on Total Machining and Operating Costs given Total Production Cost

What is the formula to find Total Machining and Operating Costs given Total Production Cost?
The formula of Total Machining and Operating Costs given Total Production Cost is expressed as Total Machining And Operating Cost = Total Production Cost-(Total Cost of Tools Used+Total Tool Changing Cost+Total Non Productive Cost). Here is an example- 13920 = 30000-(1000+540+10).
How to calculate Total Machining and Operating Costs given Total Production Cost?
With Total Production Cost (TPC), Total Cost of Tools Used (TTC), Total Tool Changing Cost (TCC) & Total Non Productive Cost (TNPC) we can find Total Machining and Operating Costs given Total Production Cost using the formula - Total Machining And Operating Cost = Total Production Cost-(Total Cost of Tools Used+Total Tool Changing Cost+Total Non Productive Cost).
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=(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 SizeOpenImg
  • Total Machining And Operating Cost=Total Production Cost-(Total Non Productive Cost+Total Tool Changing Cost+Total Cost of Tools Used)OpenImg
About | Contact | Disclaimer | Terms | Privacy Policy
© 2024. Developed & Maintained by softUsvista Inc.
Copied!