How to Calculate Total Cost of Tools Used given Individual Costs?
Total Cost of Tools Used given Individual Costs calculator uses Total Cost of Tools Used = Total Production Cost-(Total Non-Productive Cost+Total Machining And Operating Cost+Total Tool Changing Cost) to calculate the Total Cost of Tools Used, The Total Cost of Tools Used given Individual Costs is a method to determine the total amount available to be spent on renewing Machining Tool for production of a batch of components when the cost of different activities of production is known. Total Cost of Tools Used is denoted by TTC symbol.
How to calculate Total Cost of Tools Used given Individual Costs using this online calculator? To use this online calculator for Total Cost of Tools Used given Individual Costs, enter Total Production Cost (TPC), Total Non-Productive Cost (TNPC), Total Machining And Operating Cost (Cm) & Total Tool Changing Cost (TCC) and hit the calculate button. Here is how the Total Cost of Tools Used given Individual Costs calculation can be explained with given input values -> 29350 = 30000-(10+100+540).