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Total Production Cost for given Batch Size Formula

GoTotal Production Cost Formula

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Total Production Cost involves summing up various cost components associated with the machining process. Check FAQs

C tp = N \cdot C p

C_tp - Total Production Cost?N - Batch Size?C_p - Production Cost of Each Component?

Total Production Cost for given Batch Size Example

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With units

Only example

Here is how the Total Production Cost for given Batch Size equation looks like with Values.

Here is how the Total Production Cost for given Batch Size equation looks like with Units.

Here is how the Total Production Cost for given Batch Size equation looks like.

30000 = 2 \cdot 15000

30000 = 2 \cdot 15000

30000 = 2 \cdot 15000

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Total Production Cost for given Batch Size Solution

Follow our step by step solution on how to calculate Total Production Cost for given Batch Size?

FIRST Step Consider the formula

C tp = N \cdot C p

Next Step Substitute values of Variables

∴

C tp = 2 \cdot 15000

Next Step Prepare to Evaluate

∴

C tp = 2 \cdot 15000

LAST Step Evaluate

∴

C tp = 30000

Total Production Cost for given Batch Size Formula Elements

Variables

Total Production Cost

Total Production Cost involves summing up various cost components associated with the machining process.

Symbol: C_tp

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Total Production Cost

Batch Size

Batch size refers to the number of identical parts produced in a single production run or cycle.

Symbol: N

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Batch Size

Production Cost of Each Component

Production cost of each component involves accounting for various factors, including material costs, labor, machine operating costs, tool costs, overhead, and other related expenses.

Symbol: C_p

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Production Cost of Each Component

Other Formulas to find Total Production Cost

Go Total Production Cost

C tp = N \cdot (C \cdot (t s + t)) + N t \cdot (C \cdot t c + C)

Other formulas in Total Production Cost category

Go Total Non-Productive Cost given Total Production Cost

T npc = C tp - (C m + C ct + C t)

Go Non-Productive Cost of Each Component given Total Production Cost

C np = C tp - (N \cdot C \cdot t + N t \cdot ((C \cdot t c) + C))

Go Total Non-Productive Time using Total Production Cost

t np = \frac{C tp - (C m + C ct + C t)}{C}

Go Setup Time for Each Product given Total Production Cost

t s = \frac{C tp - C \cdot N \cdot t - N t \cdot (C \cdot t c + C)}{C \cdot N}

How to Evaluate Total Production Cost for given Batch Size?

Total Production Cost for given Batch Size evaluator uses Total Production Cost = Batch Size*Production Cost of Each Component to evaluate the Total Production Cost, The Total Production Cost for given Batch Size is defined as the total cost of producing a batch of components from scratch including all necessary operations and processes. Total Production Cost is denoted by C_tp symbol.

How to evaluate Total Production Cost for given Batch Size using this online evaluator? To use this online evaluator for Total Production Cost for given Batch Size, enter Batch Size (N) & Production Cost of Each Component (C_p) and hit the calculate button.

FAQs on Total Production Cost for given Batch Size

What is the formula to find Total Production Cost for given Batch Size?

The formula of Total Production Cost for given Batch Size is expressed as Total Production Cost = Batch Size*Production Cost of Each Component. Here is an example- 30000 = 2*15000.

How to calculate Total Production Cost for given Batch Size?

With Batch Size (N) & Production Cost of Each Component (C_p) we can find Total Production Cost for given Batch Size using the formula - Total Production Cost = Batch Size*Production Cost of Each Component.

What are the other ways to Calculate Total Production Cost?

Here are the different ways to Calculate Total Production Cost-

Total Production Cost=Batch Size*(Cost of a Tool*(Setup Time+Machining Time))+Number of Tools Used*(Cost of a Tool*Time to Change One Tool+Cost of a Tool)

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Total Production Cost for given Batch Size Formula

​GoTotal Production Cost Formula

Total Production Cost for given Batch Size Example

Total Production Cost for given Batch Size Solution

Total Production Cost for given Batch Size Formula Elements

Other Formulas to find Total Production Cost

Other formulas in Total Production Cost category

How to Evaluate Total Production Cost for given Batch Size?

FAQs on Total Production Cost for given Batch Size

Variable Name

GoTotal Production Cost Formula