Machine Overhead Percentage given Machining and Operating Rate Calculator

✖Machining and Operating Rate is the money charged for processing on and operating machines per unit time, including overheads.ⓘ Machining and Operating Rate [M]			+10% -10%
✖Wage Rate is defined as the worker's/operator's rate of pay.ⓘ Wage Rate [W_o]			+10% -10%
✖Operator's Overhead Percentage is the percentage of his Wage Rate spent indirectly on him, regardless of any revenue generated.ⓘ Operator's Overhead Percentage [%_Operator]			+10% -10%
✖Depreciation Rate is the rate at which the machine is depreciated across the estimated productive life of the machine.ⓘ Depreciation Rate [M_t]			+10% -10%

✖Machine Overhead Percentage is the percentage of Capital spent on it, regardless of any work it performs.ⓘ Machine Overhead Percentage given Machining and Operating Rate [%_Machine]

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Formula

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Machine Overhead Percentage given Machining and Operating Rate

Formula

`"%"_{"Machine"} = (("M"-("W"_{"o"}*(100+"%"_{"Operator"})/100))*100/"M"_{"t"})-100`

Example

`"15900"=(("100"-("70"*(100+"20")/100))*100/"0.1")-100`

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Machine Overhead Percentage given Machining and Operating Rate Solution

STEP 0: Pre-Calculation Summary

Formula Used

Machine Overhead Percentage = ((Machining and Operating Rate-(Wage Rate*(100+Operator's Overhead Percentage)/100))*100/Depreciation Rate)-100
%_Machine = ((M-(W_o*(100+%_Operator)/100))*100/M_t)-100
This formula uses 5 Variables

Variables Used

Machine Overhead Percentage - Machine Overhead Percentage is the percentage of Capital spent on it, regardless of any work it performs.
Machining and Operating Rate - Machining and Operating Rate is the money charged for processing on and operating machines per unit time, including overheads.
Wage Rate - Wage Rate is defined as the worker's/operator's rate of pay.
Operator's Overhead Percentage - Operator's Overhead Percentage is the percentage of his Wage Rate spent indirectly on him, regardless of any revenue generated.
Depreciation Rate - Depreciation Rate is the rate at which the machine is depreciated across the estimated productive life of the machine.

STEP 1: Convert Input(s) to Base Unit

Machining and Operating Rate: 100 --> No Conversion Required
Wage Rate: 70 --> No Conversion Required
Operator's Overhead Percentage: 20 --> No Conversion Required
Depreciation Rate: 0.1 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

%_Machine = ((M-(W_o*(100+%_Operator)/100))*100/M_t)-100 --> ((100-(70*(100+20)/100))*100/0.1)-100

Evaluating ... ...

%_Machine = 15900

STEP 3: Convert Result to Output's Unit

15900 --> No Conversion Required

FINAL ANSWER

15900 <-- Machine Overhead Percentage

(Calculation completed in 00.020 seconds)

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Home » Engineering » Production Engineering » Metal Machining » Metal-Machining Economics » Estimation for Optimal Conditions » Estimation Cost » Machine Overhead Percentage given Machining and Operating Rate

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Created by Kumar Siddhant

Indian Institute of Information Technology, Design and Manufacturing (IIITDM), Jabalpur

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National Institute of Technology (NIT), Srinagar

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< 14 Estimation Cost Calculators

Operator's Overhead Percentage given Machining and Operating Rate

Go Operator's Overhead Percentage = ((Machining and Operating Rate-(Depreciation Rate*(100+Machine Overhead Percentage)/100))*100/Wage Rate)-100

Machine Overhead Percentage given Machining and Operating Rate

Go Machine Overhead Percentage = ((Machining and Operating Rate-(Wage Rate*(100+Operator's Overhead Percentage)/100))*100/Depreciation Rate)-100

Operator's Wage Rate given Machining and Operating Rate

Go Wage Rate = (Machining and Operating Rate-(Depreciation Rate*(100+Machine Overhead Percentage)/100))*100/(100+Operator's Overhead Percentage)

Machining and Operating Rate

Go Machining and Operating Rate = (Wage Rate*(100+Operator's Overhead Percentage)/100)+(Depreciation Rate*(100+Machine Overhead Percentage)/100)

Cutting Edges used during Life of Holder given Estimated Tool Costs

Go Cutting Edges used during Life of Holder = Cost of the Holder/(Tool Cost-(Cost of Insert/Average Number of Cutting Edges used per Insert))

Average Cutting Edges used per insert given Estimated Tool Costs

Go Average Number of Cutting Edges used per Insert = Cost of Insert/(Tool Cost-(Cost of the Holder/Cutting Edges used during Life of Holder))

Cost of Insert given Tool Costs for Disposable-Insert Tool

Go Cost of Insert = Average Number of Cutting Edges Used Per Insert*(Tool Cost-(Cost of The Holder/Cutting Edges Used During Life of Holder))

Cost of Holder given Tool Costs for Disposable-Insert Tool

Go Cost of The Holder = Cutting Edges Used During Life of Holder*(Tool Cost-(Cost of Insert/Average Number of Cutting Edges Used Per Insert))

Estimated Tool Costs for Disposable-Insert Tool

Go Tool Cost = (Cost of Insert/Average Number of Cutting Edges Used Per Insert)+(Cost of The Holder/Cutting Edges Used During Life of Holder)

Initial Cost of Machine given Depreciation Rate

Go Initial Cost of the Machine = Amortization Period*Number of Working Hours Per Year*Depreciation Rate

Average Number of Regrinds Possible, given Estimated Tool Costs

Go Average Number of Regrinds Possible = Cost of a Tool/(Tool Cost-Cost of Grinding)

Cost of Re-grindable Tool given Estimated Tool Costs

Go Cost of a Tool = (Tool Cost-Cost of Grinding)*Average Number of Regrinds Possible

Cost of Grinding given Estimated Tool Costs

Go Cost of Grinding = Tool Cost-(Cost of a Tool/Average Number of Regrinds Possible)

Estimated Tool Costs for Re-grindable Tool

Go Tool Cost = Cost of Grinding+(Cost of a Tool/Average Number of Regrinds Possible)

Machine Overhead Percentage given Machining and Operating Rate Formula

Machine Overhead Percentage = ((Machining and Operating Rate-(Wage Rate*(100+Operator's Overhead Percentage)/100))*100/Depreciation Rate)-100
%_Machine = ((M-(W_o*(100+%_Operator)/100))*100/M_t)-100

Machine Overhead Cost

Machine Overhead Cost refers to capital spent on the machines by the firm apart from their buying costs, which indirectly attribute to creating a product or service. These often include the capital spent on maintenance, storage, electricity, etc.

How to Calculate Machine Overhead Percentage given Machining and Operating Rate?

Machine Overhead Percentage given Machining and Operating Rate calculator uses Machine Overhead Percentage = ((Machining and Operating Rate-(Wage Rate*(100+Operator's Overhead Percentage)/100))*100/Depreciation Rate)-100 to calculate the Machine Overhead Percentage, The Machine Overhead Percentage given Machining and Operating Rate is a method to determine the percentage of capital spent on machines, regardless of any revenue it generates. Machine Overhead Percentage is denoted by %_Machine symbol.

How to calculate Machine Overhead Percentage given Machining and Operating Rate using this online calculator? To use this online calculator for Machine Overhead Percentage given Machining and Operating Rate, enter Machining and Operating Rate (M), Wage Rate (W_o), Operator's Overhead Percentage (%_Operator) & Depreciation Rate (M_t) and hit the calculate button. Here is how the Machine Overhead Percentage given Machining and Operating Rate calculation can be explained with given input values -> 15900 = ((100-(70*(100+20)/100))*100/0.1)-100.

FAQ

What is Machine Overhead Percentage given Machining and Operating Rate?

The Machine Overhead Percentage given Machining and Operating Rate is a method to determine the percentage of capital spent on machines, regardless of any revenue it generates and is represented as %_Machine = ((M-(W_o*(100+%_Operator)/100))*100/M_t)-100 or Machine Overhead Percentage = ((Machining and Operating Rate-(Wage Rate*(100+Operator's Overhead Percentage)/100))*100/Depreciation Rate)-100. Machining and Operating Rate is the money charged for processing on and operating machines per unit time, including overheads, Wage Rate is defined as the worker's/operator's rate of pay, Operator's Overhead Percentage is the percentage of his Wage Rate spent indirectly on him, regardless of any revenue generated & Depreciation Rate is the rate at which the machine is depreciated across the estimated productive life of the machine.

How to calculate Machine Overhead Percentage given Machining and Operating Rate?

The Machine Overhead Percentage given Machining and Operating Rate is a method to determine the percentage of capital spent on machines, regardless of any revenue it generates is calculated using Machine Overhead Percentage = ((Machining and Operating Rate-(Wage Rate*(100+Operator's Overhead Percentage)/100))*100/Depreciation Rate)-100. To calculate Machine Overhead Percentage given Machining and Operating Rate, you need Machining and Operating Rate (M), Wage Rate (W_o), Operator's Overhead Percentage (%_Operator) & Depreciation Rate (M_t). With our tool, you need to enter the respective value for Machining and Operating Rate, Wage Rate, Operator's Overhead Percentage & Depreciation Rate and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.

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