How to Calculate Total Tool Changing Cost using Average Production Cost?
Total Tool Changing Cost using Average Production Cost calculator uses Total Tool Changing Cost = Batch Size*(Production Cost of Each Component-Cost of a Tool*(Setup Time+Machining Time))-Number of Tools Used*Cost of a Tool to calculate the Total Tool Changing Cost, The Total Tool Changing Cost using Average Production Cost is a method to determine 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 during the manufacturing of a single component. Total Tool Changing Cost is denoted by TCC symbol.
How to calculate Total Tool Changing Cost using Average Production Cost using this online calculator? To use this online calculator for Total Tool Changing Cost using Average Production Cost, enter Batch Size (Nb), Production Cost of Each Component (Cpr), Cost of a Tool (Ct), Setup Time (ts), Machining Time (tm) & Number of Tools Used (Nt) and hit the calculate button. Here is how the Total Tool Changing Cost using Average Production Cost calculation can be explained with given input values -> 10080 = 2*(15000-80*(54+69))-3*80.