Machining and Operating Rate Calculator

✖Wage Rate is defined as the worker's/operator's rate of pay.ⓘ Wage Rate [W_o]			+10% -10%
✖Operator's Overhead Percentage is the percentage of his wage Rate spent indirectly on him, regardless of any revenue generated.ⓘ Operator's Overhead Percentage [%_opt]			+10% -10%
✖Depreciation Rate is the rate at which the machine is depreciated across the estimated productive life of the machine.ⓘ Depreciation Rate [M_t]			+10% -10%
✖Machine Overhead Percentage is the percentage of Capital spent on it, regardless of any work it performs.ⓘ Machine Overhead Percentage [%_mach]			+10% -10%

✖Machining and Operating Rate is the money charged for processing on and operating machines per unit time, including overheads.ⓘ Machining and Operating Rate [M]

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Machining and Operating Rate Solution

STEP 0: Pre-Calculation Summary

Formula Used

Machining and Operating Rate = (Wage Rate*(100+Operator's Overhead Percentage)/100)+(Depreciation Rate*(100+Machine Overhead Percentage)/100)
M = (W_o*(100+%_opt)/100)+(M_t*(100+%_mach)/100)
This formula uses 5 Variables

Variables Used

Machining and Operating Rate - Machining and Operating Rate is the money charged for processing on and operating machines per unit time, including overheads.
Wage Rate - Wage Rate is defined as the worker's/operator's rate of pay.
Operator's Overhead Percentage - Operator's Overhead Percentage is the percentage of his wage Rate spent indirectly on him, regardless of any revenue generated.
Depreciation Rate - Depreciation Rate is the rate at which the machine is depreciated across the estimated productive life of the machine.
Machine Overhead Percentage - Machine Overhead Percentage is the percentage of Capital spent on it, regardless of any work it performs.

STEP 1: Convert Input(s) to Base Unit

Wage Rate: 83.1875 --> No Conversion Required
Operator's Overhead Percentage: 20 --> No Conversion Required
Depreciation Rate: 0.1 --> No Conversion Required
Machine Overhead Percentage: 75 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

M = (W_o*(100+%_opt)/100)+(M_t*(100+%_mach)/100) --> (83.1875*(100+20)/100)+(0.1*(100+75)/100)

Evaluating ... ...

M = 100

STEP 3: Convert Result to Output's Unit

100 --> No Conversion Required

FINAL ANSWER

100 <-- Machining and Operating Rate

(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

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< Estimation Cost Calculators

Operator's Overhead Percentage given Machining and Operating Rate

LaTeX Go Operator's Overhead Percentage = ((Machining and Operating Rate-(Depreciation Rate*(100+Machine Overhead Percentage)/100))*100/Wage Rate)-100

Machine Overhead Percentage given Machining and Operating Rate

LaTeX Go Machine Overhead Percentage = ((Machining and Operating Rate-(Wage Rate*(100+Operator's Overhead Percentage)/100))*100/Depreciation Rate)-100

Operator's Wage Rate given Machining and Operating Rate

LaTeX Go Wage Rate = (Machining and Operating Rate-(Depreciation Rate*(100+Machine Overhead Percentage)/100))*100/(100+Operator's Overhead Percentage)

Machining and Operating Rate

LaTeX Go Machining and Operating Rate = (Wage Rate*(100+Operator's Overhead Percentage)/100)+(Depreciation Rate*(100+Machine Overhead Percentage)/100)

Machining and Operating Rate Formula

LaTeX Go

Machining and Operating Rate = (Wage Rate*(100+Operator's Overhead Percentage)/100)+(Depreciation Rate*(100+Machine Overhead Percentage)/100)
M = (W_o*(100+%_opt)/100)+(M_t*(100+%_mach)/100)

Significance of Machining and Operating Rate

The Machining and Operating Rate basically helps in determining the count of components that can be manufactured in the given time for given resources. Optimizing this Rate helps in regulating the Total Machining Cost of the Production which carries the maximum weightage of the Total Production Cost.

How to Calculate Machining and Operating Rate?

Machining and Operating Rate calculator uses Machining and Operating Rate = (Wage Rate*(100+Operator's Overhead Percentage)/100)+(Depreciation Rate*(100+Machine Overhead Percentage)/100) to calculate the Machining and Operating Rate, The Machining and Operating Rate is defined as the rate of payment to be made when a machine is bought and/or operated on. Machining and Operating Rate is denoted by M symbol.

How to calculate Machining and Operating Rate using this online calculator? To use this online calculator for Machining and Operating Rate, enter Wage Rate (W_o), Operator's Overhead Percentage (%_opt), Depreciation Rate (M_t) & Machine Overhead Percentage (%_mach) and hit the calculate button. Here is how the Machining and Operating Rate calculation can be explained with given input values -> 84.175 = (83.1875*(100+20)/100)+(0.1*(100+75)/100).

FAQ

What is Machining and Operating Rate?

The Machining and Operating Rate is defined as the rate of payment to be made when a machine is bought and/or operated on and is represented as M = (W_o*(100+%_opt)/100)+(M_t*(100+%_mach)/100) or Machining and Operating Rate = (Wage Rate*(100+Operator's Overhead Percentage)/100)+(Depreciation Rate*(100+Machine Overhead Percentage)/100). Wage Rate is defined as the worker's/operator's rate of pay, Operator's Overhead Percentage is the percentage of his wage Rate spent indirectly on him, regardless of any revenue generated, Depreciation Rate is the rate at which the machine is depreciated across the estimated productive life of the machine & Machine Overhead Percentage is the percentage of Capital spent on it, regardless of any work it performs.

How to calculate Machining and Operating Rate?

The Machining and Operating Rate is defined as the rate of payment to be made when a machine is bought and/or operated on is calculated using Machining and Operating Rate = (Wage Rate*(100+Operator's Overhead Percentage)/100)+(Depreciation Rate*(100+Machine Overhead Percentage)/100). To calculate Machining and Operating Rate, you need Wage Rate (W_o), Operator's Overhead Percentage (%_opt), Depreciation Rate (M_t) & Machine Overhead Percentage (%_mach). With our tool, you need to enter the respective value for Wage Rate, Operator's Overhead Percentage, Depreciation Rate & Machine Overhead Percentage 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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