Non-Productive Cost of Component given Average Production Cost Calculator

✖Production Cost of Each Component is the total amount that it takes to produce a single component from scratch.ⓘ Production Cost of Each Component [C_pr]			+10% -10%
✖The Cost of a Tool is simply the cost of one tool being used for machining.ⓘ Cost of A Tool [C_t]			+10% -10%
✖Machining Time is the time when a machine is actually processing something. Generally, machining time is the term used when there is a removal of unwanted material.ⓘ Machining Time [t_m]			+10% -10%
✖The Number of Tools Used is the total number of tools used for manufacturing a batch of products.ⓘ Number of Tools Used [N_t]			+10% -10%
✖Batch Size is the count of similar kinds of products to be manufactured.ⓘ Batch Size [N_b]			+10% -10%
✖Tool Changing Time is the average time required by the operator or automation system (such as automatic tool changer – ATC) to change the tool.ⓘ Tool Changing Time [TCT]			+10% -10%

✖Non Another Productive Cost of Each Component is the amount spent on activities like setting up, that does not result in any productivity profit to the plant for manufacturing of a single component.ⓘ Non-Productive Cost of Component given Average Production Cost [C_ai]

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Non-Productive Cost of Component given Average Production Cost

Formula

`"C"_{"ai"} = "C"_{"pr"}-("C"_{"t"}*"t"_{"m"}+("N"_{"t"}/"N"_{"b"})*(("C"_{"t"}*"TCT")+"C"_{"t"}))`

Example

`"5"="7085"-("80"*"1.15min"+("3"/"2")*(("80"*"0.2min")+"80"))`

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Non-Productive Cost of Component given Average Production Cost Solution

STEP 0: Pre-Calculation Summary

Formula Used

Non Another Productive Cost of Each Component = Production Cost of Each Component-(Cost of A Tool*Machining Time+(Number of Tools Used/Batch Size)*((Cost of A Tool*Tool Changing Time)+Cost of A Tool))
C_ai = C_pr-(C_t*t_m+(N_t/N_b)*((C_t*TCT)+C_t))
This formula uses 7 Variables

Variables Used

Non Another Productive Cost of Each Component - Non Another Productive Cost of Each Component is the amount spent on activities like setting up, that does not result in any productivity profit to the plant for manufacturing of a single component.
Production Cost of Each Component - Production Cost of Each Component is the total amount that it takes to produce a single component from scratch.
Cost of A Tool - The Cost of a Tool is simply the cost of one tool being used for machining.
Machining Time - (Measured in Second) - Machining Time is the time when a machine is actually processing something. Generally, machining time is the term used when there is a removal of unwanted material.
Number of Tools Used - The Number of Tools Used is the total number of tools used for manufacturing a batch of products.
Batch Size - Batch Size is the count of similar kinds of products to be manufactured.
Tool Changing Time - (Measured in Second) - Tool Changing Time is the average time required by the operator or automation system (such as automatic tool changer – ATC) to change the tool.

STEP 1: Convert Input(s) to Base Unit

Production Cost of Each Component: 7085 --> No Conversion Required
Cost of A Tool: 80 --> No Conversion Required
Machining Time: 1.15 Minute --> 69 Second (Check conversion here)
Number of Tools Used: 3 --> No Conversion Required
Batch Size: 2 --> No Conversion Required
Tool Changing Time: 0.2 Minute --> 12 Second (Check conversion here)

STEP 2: Evaluate Formula

Substituting Input Values in Formula

C_ai = C_pr-(C_t*t_m+(N_t/N_b)*((C_t*TCT)+C_t)) --> 7085-(80*69+(3/2)*((80*12)+80))

Evaluating ... ...

C_ai = 5

STEP 3: Convert Result to Output's Unit

5 --> No Conversion Required

FINAL ANSWER

5 <-- Non Another Productive Cost of Each Component

(Calculation completed in 00.004 seconds)

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Credits

Created by Kumar Siddhant

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

Kumar Siddhant has created this Calculator and 400+ more calculators!

Verified by Parul Keshav

National Institute of Technology (NIT), Srinagar

Parul Keshav has verified this Calculator and 400+ more calculators!

< 18 Average Production Cost Calculators

Total Non-Productive Time using Average Production Cost

Go Non Productive Time = (Batch Size*(Production Cost of Each Component-Cost of A Tool*Machining Time)-(Cost of A Tool*Number of Tools Used*Time to Change One Tool)-(Number of Tools Used*Cost of A Tool))/Cost of A Tool

Machining and Operating Rate given Average Production Cost of each Component

Go Machining and Operating Rate = (Production Cost of Each Component-(Number of Tools Used*Cost of A Tool/Batch Size))/(Setup Time+Machining Time+(Number of Tools Used*Tool Changing Time/Batch Size))

Tool Changing Time for Each Tool given Average Production Cost

Go Time to Change One Tool = (Batch Size*(Production Cost of Each Component-Cost of A Tool*(Setup Time+Machining Time))-Number of Tools Used*Cost of A Tool)/(Cost of A Tool*Number of Tools Used)

Total Machining Time using Average Production Cost

Go Total Machining Time = (Batch Size*(Production Cost of Each Component-Cost of A Tool*Setup Time)-Number of Tools Used*(Cost of A Tool*Time to Change One Tool+Cost of A Tool))/(Cost of A Tool)

Tool Changing Cost of Each Product using Average Production Cost

Go Cost of changing each Tool = (Batch Size*Production Cost of Each Component-Batch Size*Cost of A Tool*(Setup Time+Machining Time)-Number of Tools Used*Cost of A Tool)/(Number of Tools Used)

Machining Time for Each Product given Average Production Cost

Go Machining Time = (Production Cost of Each Component-Cost of A Tool*Setup Time-(Number of Tools Used/Batch Size)*(Cost of A Tool*Time to Change One Tool+Cost of A Tool))/Cost of A Tool

Setup Time for Each Product given Average Production Cost

Go Setup Time = (Production Cost of Each Component-Cost of A Tool*Machining Time-(Number of Tools Used/Batch Size)*(Cost of A Tool*Time to Change One Tool+Cost of A Tool))/Cost of A Tool

Non-Productive Cost of Component given Average Production Cost

Go Non Another Productive Cost of Each Component = Production Cost of Each Component-(Cost of A Tool*Machining Time+(Number of Tools Used/Batch Size)*((Cost of A Tool*Tool Changing Time)+Cost of A Tool))

Total Non-Productive Cost given Average Production Cost

Go Total Non Productive Cost = Batch Size*(Production Cost of Each Component-(Cost of A Tool*Machining Time))-(Number of Tools Used*((Cost of A Tool*Tool Changing Time)+Cost of A Tool))

Total Cost of Tools used given Average Production Cost

Go Total Cost of Tools Used = (Batch Size*(Production Cost of Each Component-Cost of A Tool*(Setup Time+Machining Time))-Cost of A Tool*Number of Tools Used*Time to Change One Tool)

Batch Size given Average Production Cost

Go Batch Size = Number of Tools Used*((Cost of A Tool*Time to Change One Tool)+Cost of A Tool)/(Production Cost of Each Component-(Cost of A Tool*(Setup Time+Machining Time)))

Total Tool Changing Time using Average Production Cost

Go Total Tool Changing Time = (Batch Size*(Production Cost of Each Component-Cost of A Tool*(Setup Time+Machining Time))-Number of Tools Used*Cost of A Tool)/(Cost of A Tool)

Number of Tools used given Average Production Cost

Go Number of Tools Used = Batch Size*(Production Cost of Each Component-Cost of A Tool*(Setup Time+Machining Time))/(Cost of A Tool*Time to Change One Tool+Cost of A Tool)

Average Production Cost of each component

Go Production Cost of Each Component = Cost of A Tool*(Setup Time+Machining Time)+(Number of Tools Used/Batch Size)*((Cost of A Tool*Tool Changing Time)+Cost of A Tool)

Total Tool Changing Cost using Average Production Cost

Go Total Tool Changing Cost = Batch Size*(Production Cost of Each Component-Cost of A Tool*(Setup Time+Machining Time))-Number of Tools Used*Cost of A Tool

Average Production Cost of Each Component using Individual Costs

Go Production Cost of Each Component = (Total Non-Productive Cost+Total Machining And Operating Cost+Total Tool Changing Cost+Total Cost of Tools Used)/Batch Size

Number of Tools used given Average Production Time

Go Number of Tools Used = Batch Size*(Average Production Time-(Setup Time+Machining Time))/Time to Change One Tool

Average Production Cost of each Component given Total Production Cost

Go Production Cost of Each Component = Total Production Cost/Batch Size

Non-Productive Cost of Component given Average Production Cost Formula

Significance of Total Non-Productive Cost

The Total Non-Productive Cost helps the concerned to determine the resource of the industry being wasted due to time lapse in important but non-profitable processes of the production line. It also helps in determining the required measures to be taken to increase the productivity of the plant which generally includes steps to decrease the Total Non-Productive Cost.

How to Calculate Non-Productive Cost of Component given Average Production Cost?

Non-Productive Cost of Component given Average Production Cost calculator uses Non Another Productive Cost of Each Component = Production Cost of Each Component-(Cost of A Tool*Machining Time+(Number of Tools Used/Batch Size)*((Cost of A Tool*Tool Changing Time)+Cost of A Tool)) to calculate the Non Another Productive Cost of Each Component, The Non-Productive Cost of Component given Average Production Cost is a method to determine the maximum capital that can be spared on a non-profitable activity during the manufacturing of a single component. Non Another Productive Cost of Each Component is denoted by C_ai symbol.

How to calculate Non-Productive Cost of Component given Average Production Cost using this online calculator? To use this online calculator for Non-Productive Cost of Component given Average Production Cost, enter Production Cost of Each Component (C_pr), Cost of A Tool (C_t), Machining Time (t_m), Number of Tools Used (N_t), Batch Size (N_b) & Tool Changing Time (TCT) and hit the calculate button. Here is how the Non-Productive Cost of Component given Average Production Cost calculation can be explained with given input values -> 5 = 7085-(80*69+(3/2)*((80*12)+80)).

FAQ

What is Non-Productive Cost of Component given Average Production Cost?

The Non-Productive Cost of Component given Average Production Cost is a method to determine the maximum capital that can be spared on a non-profitable activity during the manufacturing of a single component and is represented as C_ai = C_pr-(C_t*t_m+(N_t/N_b)*((C_t*TCT)+C_t)) or Non Another Productive Cost of Each Component = Production Cost of Each Component-(Cost of A Tool*Machining Time+(Number of Tools Used/Batch Size)*((Cost of A Tool*Tool Changing Time)+Cost of A Tool)). Production Cost of Each Component is the total amount that it takes to produce a single component from scratch, The Cost of a Tool is simply the cost of one tool being used for machining, Machining Time is the time when a machine is actually processing something. Generally, machining time is the term used when there is a removal of unwanted material, The Number of Tools Used is the total number of tools used for manufacturing a batch of products, Batch Size is the count of similar kinds of products to be manufactured & Tool Changing Time is the average time required by the operator or automation system (such as automatic tool changer – ATC) to change the tool.

How to calculate Non-Productive Cost of Component given Average Production Cost?

The Non-Productive Cost of Component given Average Production Cost is a method to determine the maximum capital that can be spared on a non-profitable activity during the manufacturing of a single component is calculated using Non Another Productive Cost of Each Component = Production Cost of Each Component-(Cost of A Tool*Machining Time+(Number of Tools Used/Batch Size)*((Cost of A Tool*Tool Changing Time)+Cost of A Tool)). To calculate Non-Productive Cost of Component given Average Production Cost, you need Production Cost of Each Component (C_pr), Cost of A Tool (C_t), Machining Time (t_m), Number of Tools Used (N_t), Batch Size (N_b) & Tool Changing Time (TCT). With our tool, you need to enter the respective value for Production Cost of Each Component, Cost of A Tool, Machining Time, Number of Tools Used, Batch Size & Tool Changing Time 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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