How to Calculate Total Cost of Tools used given Average Production Cost?
Total Cost of Tools used given Average Production Cost calculator uses 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) to calculate the Total Cost of Tools Used, The Total Cost of Tools used given Average Production Cost is a method to determine the total amount available to be spent on renewing Machining Tool for production of a batch of components. Total Cost of Tools Used is denoted by TTC symbol.
How to calculate Total Cost of Tools used given Average Production Cost using this online calculator? To use this online calculator for Total Cost of Tools used given Average Production Cost, enter Batch Size (Nb), Production Cost of Each Component (Cpr), Cost of a Tool (Ct), Setup Time (ts), Machining Time (tm), Number of Tools Used (Nt) & Time to Change One Tool (tc) and hit the calculate button. Here is how the Total Cost of Tools used given Average Production Cost calculation can be explained with given input values -> 3120 = (
2*(15000
-80*(54+69))
-80*3*30).