How to Calculate Total Machining Time using Average Production Cost?
Total Machining Time using Average Production Cost calculator uses 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) to calculate the Total Machining Time, The Total Machining Time using Average Production Cost is a method to determine the total processing time required by a whole batch of components on one or more machines to produce a final batch of products on an average. Total Machining Time is denoted by TMT symbol.
How to calculate Total Machining Time using Average Production Cost using this online calculator? To use this online calculator for Total Machining Time using Average Production Cost, enter Batch Size (Nb), Production Cost of Each Component (Cpr), Cost of A Tool (Ct), Setup Time (ts), Number of Tools Used (Nt) & Time to Change One Tool (tc) and hit the calculate button. Here is how the Total Machining Time using Average Production Cost calculation can be explained with given input values -> 0.038333 = (2*(13560-80*54)-3*(80*30+80))/(80).