Total Production Cost given Individual Costs evaluator uses Total Production Cost = Total Non Productive Cost+Total Machining and Operating Cost+Total Tool Changing Cost+Total Cost of Tools Used to evaluate the Total Production Cost, Total Production Cost given Individual Costs refers to the aggregate expenses incurred throughout the manufacturing process of metal components. It encompasses various elements such as raw material costs, labor costs, overhead expenses, equipment depreciation, maintenance costs, energy consumption, and other operational expenses. Total Production Cost is denoted by Cp symbol.
How to evaluate Total Production Cost given Individual Costs using this online evaluator? To use this online evaluator for Total Production Cost given Individual Costs, enter Total Non Productive Cost (Cnp), Total Machining and Operating Cost (Cm), Total Tool Changing Cost (Ct) & Total Cost of Tools Used (c) and hit the calculate button.