Cost amortized over years given Total rate for Machining and Operator Solution

STEP 0: Pre-Calculation Summary
Formula Used
Amortized Years = (Factor to allow for Machining*Constant for Tool Type(e)*Initial Work Piece Weight^Constant for Tool Type(f))/((Total Rate of Machining and Operator-(Factor to allow for Operator*Direct Labor Rate))*(2*Number of Shifts))
ny = (Km*e*W^f)/((Rt-(Ko*Ro))*(2*ns))
This formula uses 9 Variables
Variables Used
Amortized Years - (Measured in Year) - Amortized years are the years for the process of spreading the cost of an intangible asset.
Factor to allow for Machining - Factor to allow for Machining is defined as the constant factor for the machining process.
Constant for Tool Type(e) - Constant for tool type(e) is defined as the constant for the type of material used in the tool.
Initial Work Piece Weight - (Measured in Kilogram) - The Initial work piece weight is defined as the weight of the work piece before undergoing machining operation.
Constant for Tool Type(f) - Constant for tool type(f) is defined as the constant for the type of material used in the tool.
Total Rate of Machining and Operator - The Total Rate of Machining and Operator is the total speed of the machining and operator process.
Factor to allow for Operator - Factor to allow for Operator is defined as the constant factor for the operator process.
Direct Labor Rate - Direct Labor Rate is calculated by dividing that dollar amount by the total hours of the labor.
Number of Shifts - The Number of Shifts is defined as the number of shifts of the labour for a given machining operation.
STEP 1: Convert Input(s) to Base Unit
Factor to allow for Machining: 2.1 --> No Conversion Required
Constant for Tool Type(e): 45 --> No Conversion Required
Initial Work Piece Weight: 12.8 Kilogram --> 12.8 Kilogram No Conversion Required
Constant for Tool Type(f): 0.27 --> No Conversion Required
Total Rate of Machining and Operator: 28.134 --> No Conversion Required
Factor to allow for Operator: 2 --> No Conversion Required
Direct Labor Rate: 12.5 --> No Conversion Required
Number of Shifts: 3 --> No Conversion Required
STEP 2: Evaluate Formula
Substituting Input Values in Formula
ny = (Km*e*W^f)/((Rt-(Ko*Ro))*(2*ns)) --> (2.1*45*12.8^0.27)/((28.134-(2*12.5))*(2*3))
Evaluating ... ...
ny = 10.0029536810624
STEP 3: Convert Result to Output's Unit
315662729.17151 Second -->10.0029536810624 Year (Check conversion here)
FINAL ANSWER
10.0029536810624 10.00295 Year <-- Amortized Years
(Calculation completed in 00.004 seconds)

Credits

Created by Parul Keshav
National Institute of Technology (NIT), Srinagar
Parul Keshav has created this Calculator and 300+ more calculators!
Verified by Rajat Vishwakarma
University Institute of Technology RGPV (UIT - RGPV), Bhopal
Rajat Vishwakarma has verified this Calculator and 400+ more calculators!

5 Cost Calculators

Machining Cost per component for Maximum Power when Cutting Speed is limited by Taylor's Exponent
Go Machining and Operating Cost of Each Product = ((((Machining Time for Minimum Cost/Machining Time for Maximum Power)^(1/Taylor's Tool Life Exponent))*Taylor's Tool Life Exponent/(1-Taylor's Tool Life Exponent))+1)*Machining Time for Maximum Power*Machining and Operating Rate
Cost amortized over years given Total rate for Machining and Operator
Go Amortized Years = (Factor to allow for Machining*Constant for Tool Type(e)*Initial Work Piece Weight^Constant for Tool Type(f))/((Total Rate of Machining and Operator-(Factor to allow for Operator*Direct Labor Rate))*(2*Number of Shifts))
Cost of 1 Tool given Machining Cost for Maximum Power
Go Cost of a Tool = (Tool Life*((Machining and Operating Cost of Each Product/Machining Time for Maximum Power)-Machining and Operating Rate)/Time Proportion of Cutting Edge Engagement)-(Machining and Operating Rate*Time to Change One Tool)
Machining Cost per component under Maximum Power Condition
Go Machining and Operating Cost of Each Product = Machining Time for Maximum Power*(Machining and Operating Rate+(Time Proportion of Cutting Edge Engagement*(Machining and Operating Rate*Time to Change One Tool+Cost of a Tool)/Tool Life))
Cost of Machine tool given initial weight of workpiece
Go Cost of a Tool = Constant for Tool Type(e)*Initial Work Piece Weight^Constant for Tool Type(f)

Cost amortized over years given Total rate for Machining and Operator Formula

Amortized Years = (Factor to allow for Machining*Constant for Tool Type(e)*Initial Work Piece Weight^Constant for Tool Type(f))/((Total Rate of Machining and Operator-(Factor to allow for Operator*Direct Labor Rate))*(2*Number of Shifts))
ny = (Km*e*W^f)/((Rt-(Ko*Ro))*(2*ns))

What does yearly amortization mean?

Amortization can refer to the process of paying off debt over time in regular installments of interest and principal sufficient to repay the loan in full by its maturity date. The amount of principal due in a given month is the total monthly payment (a flat amount) minus the interest payment for that month.

How to Calculate Cost amortized over years given Total rate for Machining and Operator?

Cost amortized over years given Total rate for Machining and Operator calculator uses Amortized Years = (Factor to allow for Machining*Constant for Tool Type(e)*Initial Work Piece Weight^Constant for Tool Type(f))/((Total Rate of Machining and Operator-(Factor to allow for Operator*Direct Labor Rate))*(2*Number of Shifts)) to calculate the Amortized Years, The Cost amortized over years given Total rate for Machining and Operator are the years for the process of spreading the cost of an intangible asset. Amortized Years is denoted by ny symbol.

How to calculate Cost amortized over years given Total rate for Machining and Operator using this online calculator? To use this online calculator for Cost amortized over years given Total rate for Machining and Operator, enter Factor to allow for Machining (Km), Constant for Tool Type(e) (e), Initial Work Piece Weight (W), Constant for Tool Type(f) (f), Total Rate of Machining and Operator (Rt), Factor to allow for Operator (Ko), Direct Labor Rate (Ro) & Number of Shifts (ns) and hit the calculate button. Here is how the Cost amortized over years given Total rate for Machining and Operator calculation can be explained with given input values -> 3.2E-7 = (2.1*45*12.8^0.27)/((28.134-(2*12.5))*(2*3)).

FAQ

What is Cost amortized over years given Total rate for Machining and Operator?
The Cost amortized over years given Total rate for Machining and Operator are the years for the process of spreading the cost of an intangible asset and is represented as ny = (Km*e*W^f)/((Rt-(Ko*Ro))*(2*ns)) or Amortized Years = (Factor to allow for Machining*Constant for Tool Type(e)*Initial Work Piece Weight^Constant for Tool Type(f))/((Total Rate of Machining and Operator-(Factor to allow for Operator*Direct Labor Rate))*(2*Number of Shifts)). Factor to allow for Machining is defined as the constant factor for the machining process, Constant for tool type(e) is defined as the constant for the type of material used in the tool, The Initial work piece weight is defined as the weight of the work piece before undergoing machining operation, Constant for tool type(f) is defined as the constant for the type of material used in the tool, The Total Rate of Machining and Operator is the total speed of the machining and operator process, Factor to allow for Operator is defined as the constant factor for the operator process, Direct Labor Rate is calculated by dividing that dollar amount by the total hours of the labor & The Number of Shifts is defined as the number of shifts of the labour for a given machining operation.
How to calculate Cost amortized over years given Total rate for Machining and Operator?
The Cost amortized over years given Total rate for Machining and Operator are the years for the process of spreading the cost of an intangible asset is calculated using Amortized Years = (Factor to allow for Machining*Constant for Tool Type(e)*Initial Work Piece Weight^Constant for Tool Type(f))/((Total Rate of Machining and Operator-(Factor to allow for Operator*Direct Labor Rate))*(2*Number of Shifts)). To calculate Cost amortized over years given Total rate for Machining and Operator, you need Factor to allow for Machining (Km), Constant for Tool Type(e) (e), Initial Work Piece Weight (W), Constant for Tool Type(f) (f), Total Rate of Machining and Operator (Rt), Factor to allow for Operator (Ko), Direct Labor Rate (Ro) & Number of Shifts (ns). With our tool, you need to enter the respective value for Factor to allow for Machining, Constant for Tool Type(e), Initial Work Piece Weight, Constant for Tool Type(f), Total Rate of Machining and Operator, Factor to allow for Operator, Direct Labor Rate & Number of Shifts and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.
Let Others Know
Facebook
Twitter
Reddit
LinkedIn
Email
WhatsApp
Copied!