Non-Productive Cost of One Component given Individual Costs Calculator

✖Total Production Cost is the total amount that it takes to produce a batch of components from scratch.ⓘ Total Production Cost [TPC]			+10% -10%
✖Total Machining And Operating Cost is the total amount of money required to machine a given batch of product.ⓘ Total Machining And Operating Cost [C_m]			+10% -10%
✖Total Tool Changing Cost is the total cost that arises due to the time taken by the operator in changing the Cutting Tool when he is paid by the hour.ⓘ Total Tool Changing Cost [TCC]			+10% -10%
✖Total Cost of Tools Used is the sum of the amount of all tools that have been used for production.ⓘ Total Cost of Tools Used [TTC]			+10% -10%
✖Batch Size is the count of similar kinds of products to be manufactured.ⓘ Batch Size [N_b]			+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 One Component given Individual Costs [C_ai]

⎘ Copy

👎

Formula

✖

Non-Productive Cost of One Component given Individual Costs

Formula

`"C"_{"ai"} = ("TPC"-("C"_{"m"}+"TCC"+"TTC"))/"N"_{"b"}`

Example

`"5"=("30000"-("100"+"28890"+"1000"))/"2"`

Calculator

LaTeX

Reset

👍

Download Production Engineering Formula PDF PDF Image

Non-Productive Cost of One Component given Individual Costs Solution

STEP 0: Pre-Calculation Summary

Formula Used

Non Another Productive Cost of Each Component = (Total Production Cost-(Total Machining And Operating Cost+Total Tool Changing Cost+Total Cost of Tools Used))/Batch Size
C_ai = (TPC-(C_m+TCC+TTC))/N_b
This formula uses 6 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.
Total Production Cost - Total Production Cost is the total amount that it takes to produce a batch of components from scratch.
Total Machining And Operating Cost - Total Machining And Operating Cost is the total amount of money required to machine a given batch of product.
Total Tool Changing Cost - Total Tool Changing Cost is the total cost that arises due to the time taken by the operator in changing the Cutting Tool when he is paid by the hour.
Total Cost of Tools Used - Total Cost of Tools Used is the sum of the amount of all tools that have been used for production.
Batch Size - Batch Size is the count of similar kinds of products to be manufactured.

STEP 1: Convert Input(s) to Base Unit

Total Production Cost: 30000 --> No Conversion Required
Total Machining And Operating Cost: 100 --> No Conversion Required
Total Tool Changing Cost: 28890 --> No Conversion Required
Total Cost of Tools Used: 1000 --> No Conversion Required
Batch Size: 2 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

C_ai = (TPC-(C_m+TCC+TTC))/N_b --> (30000-(100+28890+1000))/2

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)

You are here -

Home » Engineering » Production Engineering » Metal Machining » Metal-Machining Economics » Production Cost » Individual Cost » Non-Productive Cost of One Component given Individual Costs

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!

< 13 Individual Cost Calculators

Tool Changing Time for Each Tool given Individual Costs

Go Time to Change One Tool = (Total Production Cost-(Total Machining And Operating Cost+Total Non Productive Cost+Total Cost of Tools Used))/(Cost of A Tool*Number of Tools Used)

Setup Time for Each Product given Individual Costs

Go Setup Time = (Total Production Cost for Setup Time-(Total Machining And Operating Cost+Total Tool Changing Cost+Total Cost of Tools Used))/(Cost of A Tool*Batch Size)

Machining Time for Each Product given Individual Costs

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

Machining and Operating Rate using Individual Cost

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

Non-Productive Cost of One Component given Individual Costs

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

Tool Changing Cost of each Tool given Individual Costs

Go Cost of changing each Tool = (Total Production Cost-(Total Non Productive Cost+Total Machining And Operating Cost+Total Cost of Tools Used))/Number of Tools Used

Number of Tools used given Individual Costs

Go Number of Tools Used = (Total Production Cost-(Total Non Productive Cost+Total Machining And Operating Cost+Total Tool Changing Cost))/Cost of A Tool

Total Non-Productive Cost given Individual Costs

Go Total Non Productive Cost = Total Production Cost-(Total Machining And Operating Cost+Total Tool Changing Cost+Total Cost of Tools Used)

Total Tool Changing Cost given Individual Costs

Go Total Tool Changing Cost = Total Production Cost-(Total Machining And Operating Cost+Total Non Productive Cost+Total Cost of Tools Used)

Total Cost of Tools Used given Individual Costs

Go Total Cost of Tools Used = Total Production Cost-(Total Non Productive Cost+Total Machining And Operating Cost+Total Tool Changing Cost)

Total Production Cost given Individual Costs

Go Total Production Cost = Total Non-Productive Cost+Total Machining And Operating Cost+Total Tool Changing Cost+Total Cost of Tools Used

Number of Tools Used given Total Tool Changing Time

Go Number of Tools Used = Total Tool Changing Time/Time to Change One Tool

Number of Tools used given Total Cost of Tools

Go Number of Tools Used = Total Cost of Tools Used/Cost of A Tool

Non-Productive Cost of One Component given Individual Costs 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 One Component given Individual Costs?

Non-Productive Cost of One Component given Individual Costs calculator uses Non Another Productive Cost of Each Component = (Total Production Cost-(Total Machining And Operating Cost+Total Tool Changing Cost+Total Cost of Tools Used))/Batch Size to calculate the Non Another Productive Cost of Each Component, The Non-Productive Cost of One Component given Individual Costs is a method to determine the maximum capital that can be spared for 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 One Component given Individual Costs using this online calculator? To use this online calculator for Non-Productive Cost of One Component given Individual Costs, enter Total Production Cost (TPC), Total Machining And Operating Cost (C_m), Total Tool Changing Cost (TCC), Total Cost of Tools Used (TTC) & Batch Size (N_b) and hit the calculate button. Here is how the Non-Productive Cost of One Component given Individual Costs calculation can be explained with given input values -> 5 = (30000-(100+28890+1000))/2.

FAQ

What is Non-Productive Cost of One Component given Individual Costs?

The Non-Productive Cost of One Component given Individual Costs is a method to determine the maximum capital that can be spared for a non-profitable activity during the manufacturing of a single component and is represented as C_ai = (TPC-(C_m+TCC+TTC))/N_b or Non Another Productive Cost of Each Component = (Total Production Cost-(Total Machining And Operating Cost+Total Tool Changing Cost+Total Cost of Tools Used))/Batch Size. Total Production Cost is the total amount that it takes to produce a batch of components from scratch, Total Machining And Operating Cost is the total amount of money required to machine a given batch of product, Total Tool Changing Cost is the total cost that arises due to the time taken by the operator in changing the Cutting Tool when he is paid by the hour, Total Cost of Tools Used is the sum of the amount of all tools that have been used for production & Batch Size is the count of similar kinds of products to be manufactured.

How to calculate Non-Productive Cost of One Component given Individual Costs?

The Non-Productive Cost of One Component given Individual Costs is a method to determine the maximum capital that can be spared for a non-profitable activity during the manufacturing of a single component is calculated using Non Another Productive Cost of Each Component = (Total Production Cost-(Total Machining And Operating Cost+Total Tool Changing Cost+Total Cost of Tools Used))/Batch Size. To calculate Non-Productive Cost of One Component given Individual Costs, you need Total Production Cost (TPC), Total Machining And Operating Cost (C_m), Total Tool Changing Cost (TCC), Total Cost of Tools Used (TTC) & Batch Size (N_b). With our tool, you need to enter the respective value for Total Production Cost, Total Machining And Operating Cost, Total Tool Changing Cost, Total Cost of Tools Used & Batch Size and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.

Home

FREE PDFs

🔍 Search