Number of Tools used given Total Cost of Tools Calculator

✖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%
✖The Cost of a Tool is simply the cost of one tool being used for machining.ⓘ Cost of A Tool [C_t]			+10% -10%

✖The Number of Tools Used is the total number of tools used for manufacturing a batch of products.ⓘ Number of Tools used given Total Cost of Tools [N_t]

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Formula

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Number of Tools used given Total Cost of Tools

Formula

`"N"_{"t"} = "TTC"/"C"_{"t"}`

Example

`"3"="1000"/"333.3333"`

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Number of Tools used given Total Cost of Tools Solution

STEP 0: Pre-Calculation Summary

Formula Used

Number of Tools Used = Total Cost of Tools Used/Cost of A Tool
N_t = TTC/C_t
This formula uses 3 Variables

Variables Used

Number of Tools Used - The Number of Tools Used is the total number of tools used for manufacturing a batch of products.
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.
Cost of A Tool - The Cost of a Tool is simply the cost of one tool being used for machining.

STEP 1: Convert Input(s) to Base Unit

Total Cost of Tools Used: 1000 --> No Conversion Required
Cost of A Tool: 333.3333 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

N_t = TTC/C_t --> 1000/333.3333

Evaluating ... ...

N_t = 3.00000030000003

STEP 3: Convert Result to Output's Unit

3.00000030000003 --> No Conversion Required

FINAL ANSWER

3.00000030000003 ≈ 3 <-- Number of Tools Used

(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!

< 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

Number of Tools used given Total Cost of Tools Formula

Number of Tools Used = Total Cost of Tools Used/Cost of A Tool
N_t = TTC/C_t

Need to change the Tool

Due to Wear during the cutting operation, the sharpness of the Cutting edge of the tool is lost which leads to roughness and tolerances at the surface. To tackle this, the tool is usually sharpened rather than completely changed.

How to Calculate Number of Tools used given Total Cost of Tools?

Number of Tools used given Total Cost of Tools calculator uses Number of Tools Used = Total Cost of Tools Used/Cost of A Tool to calculate the Number of Tools Used, The Number of Tools used given Total Cost of Tools is a method to determine the maximum number of Tools that can be used for producing a batch of components when the total amount available to purchase Machining Tools is known. Number of Tools Used is denoted by N_t symbol.

How to calculate Number of Tools used given Total Cost of Tools using this online calculator? To use this online calculator for Number of Tools used given Total Cost of Tools, enter Total Cost of Tools Used (TTC) & Cost of A Tool (C_t) and hit the calculate button. Here is how the Number of Tools used given Total Cost of Tools calculation can be explained with given input values -> 12.5 = 1000/333.3333.

FAQ

What is Number of Tools used given Total Cost of Tools?

The Number of Tools used given Total Cost of Tools is a method to determine the maximum number of Tools that can be used for producing a batch of components when the total amount available to purchase Machining Tools is known and is represented as N_t = TTC/C_t or Number of Tools Used = Total Cost of Tools Used/Cost of A Tool. Total Cost of Tools Used is the sum of the amount of all tools that have been used for production & The Cost of a Tool is simply the cost of one tool being used for machining.

How to calculate Number of Tools used given Total Cost of Tools?

The Number of Tools used given Total Cost of Tools is a method to determine the maximum number of Tools that can be used for producing a batch of components when the total amount available to purchase Machining Tools is known is calculated using Number of Tools Used = Total Cost of Tools Used/Cost of A Tool. To calculate Number of Tools used given Total Cost of Tools, you need Total Cost of Tools Used (TTC) & Cost of A Tool (C_t). With our tool, you need to enter the respective value for Total Cost of Tools Used & Cost of A Tool and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.

How many ways are there to calculate Number of Tools Used?

In this formula, Number of Tools Used uses Total Cost of Tools Used & Cost of A Tool. We can use 1 other way(s) to calculate the same, which is/are as follows -

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

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