Total Machining Time using Total Production Cost 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 Non-Productive Cost is the amount spent on activities that do not result in any productivity or profit to the plant during the manufacturing of a batch of components.ⓘ Total Non-Productive Cost [TNPC]			+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%
✖The Cost of a Tool is simply the cost of one tool being used for machining.ⓘ Cost of A Tool [C_t]			+10% -10%

✖Total Machining Time is the total processing time required on one or more machines to produce a batch of products.ⓘ Total Machining Time using Total Production Cost [TMT]

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Formula

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Total Machining Time using Total Production Cost

Formula

`"TMT" = ("TPC"-("TNPC"+"TCC"+"TTC"))/("C"_{"t"})`

Example

`"2.3min"=("12590"-("10"+"540"+"1000"))/("80")`

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Total Machining Time using Total Production Cost Solution

STEP 0: Pre-Calculation Summary

Formula Used

Total Machining Time = (Total Production Cost-(Total Non-Productive Cost+Total Tool Changing Cost+Total Cost of Tools Used))/(Cost of A Tool)
TMT = (TPC-(TNPC+TCC+TTC))/(C_t)
This formula uses 6 Variables

Variables Used

Total Machining Time - (Measured in Second) - Total Machining Time is the total processing time required on one or more machines to produce a batch of products.
Total Production Cost - Total Production Cost is the total amount that it takes to produce a batch of components from scratch.
Total Non-Productive Cost - Total Non-Productive Cost is the amount spent on activities that do not result in any productivity or profit to the plant during the manufacturing of a batch of components.
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.
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 Production Cost: 12590 --> No Conversion Required
Total Non-Productive Cost: 10 --> No Conversion Required
Total Tool Changing Cost: 540 --> No Conversion Required
Total Cost of Tools Used: 1000 --> No Conversion Required
Cost of A Tool: 80 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

TMT = (TPC-(TNPC+TCC+TTC))/(C_t) --> (12590-(10+540+1000))/(80)

Evaluating ... ...

TMT = 138

STEP 3: Convert Result to Output's Unit

138 Second -->2.3 Minute (Check conversion here)

FINAL ANSWER

2.3 Minute <-- Total Machining Time

(Calculation completed in 00.006 seconds)

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Created by Kumar Siddhant

Indian Institute of Information Technology, Design and Manufacturing (IIITDM), Jabalpur

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Verified by Parul Keshav

National Institute of Technology (NIT), Srinagar

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< 21 Total Production Cost Calculators

Machining Time for Each Product using Total Production Cost

Go Machining Time = (Total Production Cost For Production Method-Cost of A Tool*Batch Size*Setup Time-Number of Tools Used*(Cost of A Tool*Time to Change One Tool+Cost of A Tool))/(Cost of A Tool*Batch Size)

Setup Time for Each Product given Total Production Cost

Go Setup Time = (Total Production Cost-Cost of A Tool*Batch Size*Machining Time-Number of Tools Used*(Cost of A Tool*Time to Change One Tool+Cost of A Tool))/(Cost of A Tool*Batch Size)

Tool Changing Time for Each Tool given Total Production Cost

Go Time to Change One Tool = (Total Production Cost-Batch Size*Cost of A Tool*(Setup Time+Machining Time)-Number of Tools Used*Cost of A Tool)/(Cost of A Tool*Number of Tools Used)

Non-Productive Cost of Each Component given Total Production Cost

Go Non Productive Cost of Each Component = Total Production Cost-(Batch Size*Cost of A Tool*Machining Time+Number of Tools Used*((Cost of A Tool*Time to Change One Tool)+Cost of A Tool))

Machining and Operating Rate given Total Production Cost

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

Tool Changing Cost of Each Tool using Total Production Cost

Go Cost of changing each Tool = (Total Production Cost-Batch Size*Cost of A Tool*(Setup Time+Machining Time)-Number of Tools Used*Cost of A Tool)/(Number of Tools Used)

Number of Tools used given Total Production Cost

Go Number of Tools Used = (Total Production Cost- Batch Size*Cost of A Tool*(Setup Time+Machining Time))/(Cost of A Tool*Time to Change One Tool+Cost of A Tool)

Total Production Cost

Go Total Production Cost = Batch Size*(Cost of A Tool*(Setup Time+Machining Time)+(Number of Tools Used)*((Cost of A Tool*Time to Change One Tool)+Cost of A Tool))

Total Tool Changing Time given Total Production Cost

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

Total Tool Changing Cost using Total Production Cost

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

Total Non-Productive Time using Total Production Cost

Go Non Productive 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)

Total Machining Time using Total Production Cost

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

Total Non-Productive Cost given Total Production Cost

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

Total Cost of Tools given Total Production Cost

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

Total Tool-Changing Cost

Go Total Tool Changing Cost = Total Tool Changing Time*Number of Tools Used

Time for Changing one Tool given Total Tool Changing Time

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

Total Tool Changing Time

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

Total Production Cost for given Batch Size

Go Total Production Cost = Batch Size*Production Cost of Each Component

Batch Size given Total Production Cost

Go Batch Size = Total Production Cost/Production Cost of Each Component

Cost of Tool given Total Cost of Tools

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

Total Cost of Tools Used

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

Total Machining Time using Total Production Cost Formula

Total Machining Time = (Total Production Cost-(Total Non-Productive Cost+Total Tool Changing Cost+Total Cost of Tools Used))/(Cost of A Tool)
TMT = (TPC-(TNPC+TCC+TTC))/(C_t)

Significance of Machining and Operating Costs

The Machining and Operating Cost basically helps in determining the count of components that can be manufactured in the given resources. If this calculated cost is lower than the actual cost based on machining time, it means that the production planning has failed, as the total number of the components that are to be produced becomes lower than the starting batch size.

How to Calculate Total Machining Time using Total Production Cost?

Total Machining Time using Total Production Cost calculator uses Total Machining Time = (Total Production Cost-(Total Non-Productive Cost+Total Tool Changing Cost+Total Cost of Tools Used))/(Cost of A Tool) to calculate the Total Machining Time, The Total Machining Time using Total 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. Total Machining Time is denoted by TMT symbol.

How to calculate Total Machining Time using Total Production Cost using this online calculator? To use this online calculator for Total Machining Time using Total Production Cost, enter Total Production Cost (TPC), Total Non-Productive Cost (TNPC), Total Tool Changing Cost (TCC), Total Cost of Tools Used (TTC) & Cost of A Tool (C_t) and hit the calculate button. Here is how the Total Machining Time using Total Production Cost calculation can be explained with given input values -> 0.038333 = (12590-(10+540+1000))/(80).

FAQ

What is Total Machining Time using Total Production Cost?

The Total Machining Time using Total 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 and is represented as TMT = (TPC-(TNPC+TCC+TTC))/(C_t) or Total Machining Time = (Total Production Cost-(Total Non-Productive Cost+Total Tool Changing Cost+Total Cost of Tools Used))/(Cost of A Tool). Total Production Cost is the total amount that it takes to produce a batch of components from scratch, Total Non-Productive Cost is the amount spent on activities that do not result in any productivity or profit to the plant during the manufacturing of a batch of components, 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 & The Cost of a Tool is simply the cost of one tool being used for machining.

How to calculate Total Machining Time using Total Production Cost?

The Total Machining Time using Total 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 is calculated using Total Machining Time = (Total Production Cost-(Total Non-Productive Cost+Total Tool Changing Cost+Total Cost of Tools Used))/(Cost of A Tool). To calculate Total Machining Time using Total Production Cost, you need Total Production Cost (TPC), Total Non-Productive Cost (TNPC), Total Tool Changing Cost (TCC), Total Cost of Tools Used (TTC) & Cost of A Tool (C_t). With our tool, you need to enter the respective value for Total Production Cost, Total Non-Productive Cost, Total Tool Changing Cost, 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.

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