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Cycle Time Calculator

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Important Formulas of Cost Accounting

✖Process Time refers to the amount of time it takes to complete a specific task or activity within a larger process or workflow.ⓘ Process Time [PT]			+10% -10%
✖Inspection Time refers to the amount of time spent examining, reviewing, or assessing a product, service, process, or project to ensure that it meets specified requirements.ⓘ Inspection Time [IT]			+10% -10%
✖Move Time refers to the duration it takes to transfer or move a product, or material from one location to another within a facility or along a supply chain.ⓘ Move Time [MT]			+10% -10%
✖Queue Time refers to the duration that individuals or entities spend in a queue or line before they can proceed to the next stage of a process or receive a service.ⓘ Queue Time [QET]			+10% -10%

✖Cycle Time refers to the total duration it takes to complete a process, task, or workflow from start to finish.ⓘ Cycle Time [CT]

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Formula

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Cycle Time

Formula

CT = PT + IT + MT + QET

Example

12.15 = 5 + 2 + 4 + 1.15

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Cycle Time Solution

STEP 0: Pre-Calculation Summary

Formula Used

Cycle Time = Process Time+Inspection Time+Move Time+Queue Time
CT = PT+IT+MT+QET
This formula uses 5 Variables

Variables Used

Cycle Time - Cycle Time refers to the total duration it takes to complete a process, task, or workflow from start to finish.
Process Time - Process Time refers to the amount of time it takes to complete a specific task or activity within a larger process or workflow.
Inspection Time - Inspection Time refers to the amount of time spent examining, reviewing, or assessing a product, service, process, or project to ensure that it meets specified requirements.
Move Time - Move Time refers to the duration it takes to transfer or move a product, or material from one location to another within a facility or along a supply chain.
Queue Time - Queue Time refers to the duration that individuals or entities spend in a queue or line before they can proceed to the next stage of a process or receive a service.

STEP 1: Convert Input(s) to Base Unit

Process Time: 5 --> No Conversion Required
Inspection Time: 2 --> No Conversion Required
Move Time: 4 --> No Conversion Required
Queue Time: 1.15 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

CT = PT+IT+MT+QET --> 5+2+4+1.15

Evaluating ... ...

CT = 12.15

STEP 3: Convert Result to Output's Unit

12.15 --> No Conversion Required

FINAL ANSWER

12.15 <-- Cycle Time

(Calculation completed in 00.004 seconds)

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Created by Aashna

IGNOU (IGNOU), India

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Indian Institute of Technology, Indian School of mines, Dhanbad (IIT ISM Dhanbad), Dhanbad

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< Cost Accounting Calculators

Material Cost Variance

Go Material Cost Variance = (Standard Quality for Actual Output*Standard Price)-(Actual Quantity*Actual Price)

Revised Standard Quantity

Go Revised Standard Quantity = (Standard Quantity of each Material/Total Standard Quantity)*Total Actual Quantity

Material Price Variance

Go Material Price Variance = Actual Quantity*(Standard Price-Actual Price)

Material Quantity

Go Material Quantity = Standard Price*(Standard Quantity-Actual Quantity)

Cycle Time Formula

Cycle Time = Process Time+Inspection Time+Move Time+Queue Time
CT = PT+IT+MT+QET

What is Cycle Time ?

Cycle Time is a valuable metric for assessing process efficiency, identifying areas for optimization, and driving continuous improvement initiatives within organizations. The concept of cycle time is commonly used in various industries and business functions, including manufacturing, project management, software development, and service delivery. It provides valuable insights into the efficiency and productivity of a process or system by quantifying the time it takes to produce a specific output or deliver a service. Cycle time begins when work on a task or process starts and ends when it is completed and ready for the next stage or handoff. It does not include any waiting time or delays between tasks. Monitoring and analyzing cycle time can help identify bottlenecks, inefficiencies, and opportunities for improvement within a process. By reducing cycle time, organizations can improve productivity, streamline operations, and deliver products or services to customers more quickly.

How to Calculate Cycle Time?

Cycle Time calculator uses Cycle Time = Process Time+Inspection Time+Move Time+Queue Time to calculate the Cycle Time, Cycle Time refers to the average amount of time to manufacture one product, including process, inspection, move, and queue time. Cycle Time is denoted by CT symbol.

How to calculate Cycle Time using this online calculator? To use this online calculator for Cycle Time, enter Process Time (PT), Inspection Time (IT), Move Time (MT) & Queue Time (QET) and hit the calculate button. Here is how the Cycle Time calculation can be explained with given input values -> 12.15 = 5+2+4+1.15.

FAQ

What is Cycle Time?

Cycle Time refers to the average amount of time to manufacture one product, including process, inspection, move, and queue time and is represented as CT = PT+IT+MT+QET or Cycle Time = Process Time+Inspection Time+Move Time+Queue Time. Process Time refers to the amount of time it takes to complete a specific task or activity within a larger process or workflow, Inspection Time refers to the amount of time spent examining, reviewing, or assessing a product, service, process, or project to ensure that it meets specified requirements, Move Time refers to the duration it takes to transfer or move a product, or material from one location to another within a facility or along a supply chain & Queue Time refers to the duration that individuals or entities spend in a queue or line before they can proceed to the next stage of a process or receive a service.

How to calculate Cycle Time?

Cycle Time refers to the average amount of time to manufacture one product, including process, inspection, move, and queue time is calculated using Cycle Time = Process Time+Inspection Time+Move Time+Queue Time. To calculate Cycle Time, you need Process Time (PT), Inspection Time (IT), Move Time (MT) & Queue Time (QET). With our tool, you need to enter the respective value for Process Time, Inspection Time, Move Time & Queue Time 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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