Total Production Cost given Individual Costs Calculator

✖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 Machining And Operating Cost is the total amount of money required to machine a given batch of product.ⓘ Total Machining And Operating Cost [C_m]			+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%

✖Total Production Cost is the total amount that it takes to produce a batch of components from scratch.ⓘ Total Production Cost given Individual Costs [TPC]

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Formula

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Total Production Cost given Individual Costs

Formula

`"TPC" = "TNPC"+"C"_{"m"}+"TCC"+"TTC"`

Example

`"30000"="28360"+"100"+"540"+"1000"`

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Total Production Cost given Individual Costs Solution

STEP 0: Pre-Calculation Summary

Formula Used

Total Production Cost = Total Non-Productive Cost+Total Machining And Operating Cost+Total Tool Changing Cost+Total Cost of Tools Used
TPC = TNPC+C_m+TCC+TTC
This formula uses 5 Variables

Variables Used

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 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 Non-Productive Cost: 28360 --> 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

TPC = TNPC+C_m+TCC+TTC --> 28360+100+540+1000

Evaluating ... ...

TPC = 30000

STEP 3: Convert Result to Output's Unit

30000 --> No Conversion Required

FINAL ANSWER

30000 <-- Total Production Cost

(Calculation completed in 00.004 seconds)

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Credits

Created by Kumar Siddhant

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

Kumar Siddhant has created this Calculator and 400+ more calculators!

Verified by Parul Keshav

National Institute of Technology (NIT), Srinagar

Parul Keshav has verified this Calculator and 400+ more calculators!

< 13 Individual Cost Calculators

Tool Changing Time for Each Tool given Individual Costs

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

Setup Time for Each Product given Individual Costs

Go Setup 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*Batch Size)

Machining Time for Each Product given Individual Costs

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

Machining and Operating Rate using Individual Cost

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

Non-Productive Cost of One Component given Individual Costs

Go Non Another Productive Cost of Each Component = (Total Production Cost-(Total Machining And Operating Cost+Total Tool Changing Cost+Total Cost of Tools Used))/Batch Size

Tool Changing Cost of each Tool given Individual Costs

Go Cost of changing each Tool = (Total Production Cost-(Total Non Productive Cost+Total Machining And Operating Cost+Total Cost of Tools Used))/Number of Tools Used

Number of Tools used given Individual Costs

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

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 Tool Changing Cost given Individual Costs

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

Total Cost of Tools Used given Individual Costs

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

Total Production Cost given Individual Costs

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

Number of Tools Used given Total Tool Changing Time

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

Number of Tools used given Total Cost of Tools

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

Total Production Cost given Individual Costs Formula

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

Significance of Total Production Cost in terms of Individual Costs

The Total Production Cost when calculated in terms of the Individual Costs is usually preferred in the planning stage of the production line. It gives the idea if the current series of processes will be feasible when compared to other sequences.

How to Calculate Total Production Cost given Individual Costs?

Total Production Cost given Individual Costs calculator uses Total Production Cost = Total Non-Productive Cost+Total Machining And Operating Cost+Total Tool Changing Cost+Total Cost of Tools Used to calculate the Total Production Cost, The Total Production Cost given Individual Costs is a method to determine the total cost of production that will be required during the manufacturing of a batch of components. Total Production Cost is denoted by TPC symbol.

How to calculate Total Production Cost given Individual Costs using this online calculator? To use this online calculator for Total Production Cost given Individual Costs, enter Total Non-Productive Cost (TNPC), Total Machining And Operating Cost (C_m), Total Tool Changing Cost (TCC) & Total Cost of Tools Used (TTC) and hit the calculate button. Here is how the Total Production Cost given Individual Costs calculation can be explained with given input values -> 1650 = 28360+100+540+1000.

FAQ

What is Total Production Cost given Individual Costs?

The Total Production Cost given Individual Costs is a method to determine the total cost of production that will be required during the manufacturing of a batch of components and is represented as TPC = TNPC+C_m+TCC+TTC or Total Production Cost = Total Non-Productive Cost+Total Machining And Operating Cost+Total Tool Changing Cost+Total Cost of Tools Used. 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 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 Production Cost given Individual Costs?

The Total Production Cost given Individual Costs is a method to determine the total cost of production that will be required during the manufacturing of a batch of components is calculated using Total Production Cost = Total Non-Productive Cost+Total Machining And Operating Cost+Total Tool Changing Cost+Total Cost of Tools Used. To calculate Total Production Cost given Individual Costs, you need Total Non-Productive Cost (TNPC), Total Machining And Operating Cost (C_m), Total Tool Changing Cost (TCC) & Total Cost of Tools Used (TTC). With our tool, you need to enter the respective value for Total Non-Productive 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.

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