Total Non-Productive Cost given Individual Costs Solution

STEP 0: Pre-Calculation Summary
Formula Used
Total Non-Productive Cost = Total Production Cost-(Total Machining And Operating Cost+Total Tool Changing Cost+Total Cost of Tools Used)
TNPC = TPC-(Cm+TCC+TTC)
This formula uses 5 Variables
Variables Used
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 Production Cost - Total Production Cost is the total amount that it takes to produce a batch of components from scratch.
Total Machining And Operating Cost - Total Machining And Operating Cost is the total amount of money required to machine a given batch of product.
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.
STEP 1: Convert Input(s) to Base Unit
Total Production Cost: 30000 --> No Conversion Required
Total Machining And Operating Cost: 100 --> No Conversion Required
Total Tool Changing Cost: 540 --> No Conversion Required
Total Cost of Tools Used: 1000 --> No Conversion Required
STEP 2: Evaluate Formula
Substituting Input Values in Formula
TNPC = TPC-(Cm+TCC+TTC) --> 30000-(100+540+1000)
Evaluating ... ...
TNPC = 28360
STEP 3: Convert Result to Output's Unit
28360 --> No Conversion Required
FINAL ANSWER
28360 <-- Total Non-Productive Cost
(Calculation completed in 00.004 seconds)

Credits

Created by Kumar Siddhant
Indian Institute of Information Technology, Design and Manufacturing (IIITDM), Jabalpur
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National Institute of Technology (NIT), Srinagar
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6 Non Productive Cost Calculators

Non-Productive Cost of Component given Average Production Cost
Go Non Productive Cost of Each Component = Production Cost of Each Component-(Cost of a Tool*Machining Time+ (Number of Tools Used/Batch Size)*((Cost of a Tool*Tool Changing Time)+Cost of a Tool))
Total Non-Productive Cost given Average Production Cost
Go Total Non-Productive Cost = Batch Size*(Production Cost of Each Component-(Cost of a Tool*Machining Time))- (Number of Tools Used*((Cost of a Tool*Tool Changing Time)+Cost of a Tool))
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))
Non-Productive Cost of One Component given Individual Costs
Go Non Productive Cost of Each Component = (Total Production Cost-(Total Machining And Operating Cost+Total Tool Changing Cost+Total Cost of Tools Used))/Batch Size
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 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 Non-Productive Cost given Individual Costs Formula

Total Non-Productive Cost = Total Production Cost-(Total Machining And Operating Cost+Total Tool Changing Cost+Total Cost of Tools Used)
TNPC = TPC-(Cm+TCC+TTC)

Significance of Total Non-Productive Cost

The Total Non-Productive Cost helps the concerned to determine the resource of the industry being wasted due to time lapse in important but non-profitable processes of the production line. It also helps in determining the required measures to be taken to increase the productivity of the plant which generally includes steps to decrease the Total Non-Productive Cost.

How to Calculate Total Non-Productive Cost given Individual Costs?

Total Non-Productive Cost given Individual Costs calculator uses Total Non-Productive Cost = Total Production Cost-(Total Machining And Operating Cost+Total Tool Changing Cost+Total Cost of Tools Used) to calculate the Total Non-Productive Cost, The Total Non-Productive Cost given Individual Costs is a method to determine the maximum capital that can be spared on the non-profitable activities during the manufacturing of a complete batch of components when expense for different activities of production is known. Total Non-Productive Cost is denoted by TNPC symbol.

How to calculate Total Non-Productive Cost given Individual Costs using this online calculator? To use this online calculator for Total Non-Productive Cost given Individual Costs, enter Total Production Cost (TPC), Total Machining And Operating Cost (Cm), Total Tool Changing Cost (TCC) & Total Cost of Tools Used (TTC) and hit the calculate button. Here is how the Total Non-Productive Cost given Individual Costs calculation can be explained with given input values -> 28360 = 30000-(100+540+1000) .

FAQ

What is Total Non-Productive Cost given Individual Costs?
The Total Non-Productive Cost given Individual Costs is a method to determine the maximum capital that can be spared on the non-profitable activities during the manufacturing of a complete batch of components when expense for different activities of production is known and is represented as TNPC = TPC-(Cm+TCC+TTC) or Total Non-Productive Cost = Total Production Cost-(Total Machining And Operating Cost+Total Tool Changing Cost+Total Cost of Tools Used). Total Production Cost is the total amount that it takes to produce a batch of components from scratch, Total Machining And Operating Cost is the total amount of money required to machine a given batch of product, 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.
How to calculate Total Non-Productive Cost given Individual Costs?
The Total Non-Productive Cost given Individual Costs is a method to determine the maximum capital that can be spared on the non-profitable activities during the manufacturing of a complete batch of components when expense for different activities of production is known is calculated using Total Non-Productive Cost = Total Production Cost-(Total Machining And Operating Cost+Total Tool Changing Cost+Total Cost of Tools Used). To calculate Total Non-Productive Cost given Individual Costs, you need Total Production Cost (TPC), Total Machining And Operating Cost (Cm), Total Tool Changing Cost (TCC) & Total Cost of Tools Used (TTC). With our tool, you need to enter the respective value for Total Production Cost, Total Machining And Operating Cost, Total Tool Changing Cost & Total Cost of Tools Used 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 Total Non-Productive Cost?
In this formula, Total Non-Productive Cost uses Total Production Cost, Total Machining And Operating Cost, Total Tool Changing Cost & Total Cost of Tools Used. We can use 2 other way(s) to calculate the same, which is/are as follows -
  • Total Non-Productive Cost = Batch Size*(Production Cost of Each Component-(Cost of a Tool*Machining Time))- (Number of Tools Used*((Cost of a Tool*Tool Changing Time)+Cost of a Tool))
  • Total Non-Productive Cost = Total Production Cost-(Total Machining And Operating Cost+Total Tool Changing Cost+Total Cost of Tools Used)
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