Non-Productive Cost of Component given Average Production Cost Calculator

✖Production cost of each component involves accounting for various factors, including material costs, labor, machine operating costs, tool costs, overhead, and other related expenses.ⓘ Production Cost of Each Component [C_pr]			+10% -10%
✖Cost of a tool is a multifaceted consideration that includes the initial purchase price, maintenance costs, tool life, and the impact on overall production costs.ⓘ Cost of a Tool [C_t]			+10% -10%
✖Machining time refers to the total time required to complete a specific machining operation on a workpiece.ⓘ Machining Time [t_m]			+10% -10%
✖The Number of Tools Used is the total number of tools used for manufacturing a batch of products.ⓘ Number of Tools Used [N_t]			+10% -10%
✖Batch size refers to the number of identical parts produced in a single production run or cycle.ⓘ Batch Size [N_b]			+10% -10%
✖Tool changing time referred to as tool change time, is the duration required to remove a used tool and replace it with a new one.ⓘ Tool Changing Time [T]			+10% -10%

✖Non average production cost is the amount spent on activities like setting up, that does not result in any productivity profit to the plant for manufacturing of a single component.ⓘ Non-Productive Cost of Component given Average Production Cost [C_ai]

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Non-Productive Cost of Component given Average Production Cost Solution

STEP 0: Pre-Calculation Summary

Formula Used

Non Average Production Cost = 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))
C_ai = C_pr-(C_t*t_m+(N_t/N_b)*(C_t*T+C_t))
This formula uses 7 Variables

Variables Used

Non Average Production Cost - Non average production cost is the amount spent on activities like setting up, that does not result in any productivity profit to the plant for manufacturing of a single component.
Production Cost of Each Component - Production cost of each component involves accounting for various factors, including material costs, labor, machine operating costs, tool costs, overhead, and other related expenses.
Cost of a Tool - Cost of a tool is a multifaceted consideration that includes the initial purchase price, maintenance costs, tool life, and the impact on overall production costs.
Machining Time - (Measured in Second) - Machining time refers to the total time required to complete a specific machining operation on a workpiece.
Number of Tools Used - The Number of Tools Used is the total number of tools used for manufacturing a batch of products.
Batch Size - Batch size refers to the number of identical parts produced in a single production run or cycle.
Tool Changing Time - (Measured in Second) - Tool changing time referred to as tool change time, is the duration required to remove a used tool and replace it with a new one.

STEP 1: Convert Input(s) to Base Unit

Production Cost of Each Component: 11400 --> No Conversion Required
Cost of a Tool: 80 --> No Conversion Required
Machining Time: 1.15 Minute --> 69 Second (Check conversion here)
Number of Tools Used: 3 --> No Conversion Required
Batch Size: 2 --> No Conversion Required
Tool Changing Time: 0.2 Minute --> 12 Second (Check conversion here)

STEP 2: Evaluate Formula

Substituting Input Values in Formula

C_ai = C_pr-(C_t*t_m+(N_t/N_b)*(C_t*T+C_t)) --> 11400-(80*69+(3/2)*(80*12+80))

Evaluating ... ...

C_ai = 4320

STEP 3: Convert Result to Output's Unit

4320 --> No Conversion Required

FINAL ANSWER

4320 <-- Non Average Production Cost

(Calculation completed in 00.004 seconds)

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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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< Average Production Cost Calculators

Total Non-Productive Time using Average Production Cost

LaTeX Go Non Productive Time = (Batch Size*(Production Cost of Each Component-Cost of a Tool*Machining Time)-(Cost of a Tool*Number of Tools Used*Time to Change One Tool)-(Number of Tools Used*Cost of a Tool))/Cost of a Tool

Setup Time for Each Product given Average Production Cost

LaTeX Go Setup Time = (Production Cost of Each Component-Cost of a Tool*Machining Time-(Number of Tools Used/Batch Size)*(Cost of a Tool*Time to Change One Tool+Cost of a Tool))/Cost of a Tool

Number of Tools used given Average Production Cost

LaTeX Go Number of Tools Used = Batch Size*(Production Cost of Each Component-Cost of a Tool*(Setup Time+Machining Time))/(Cost of a Tool*Time to Change One Tool+Cost of a Tool)

Number of Tools used given Average Production Time

LaTeX Go Number of Tools Used = Batch Size*(Average Production Time-(Setup Time+Machining Time))/Time to Change One Tool

Non-Productive Cost of Component given Average Production Cost Formula

LaTeX Go

Significance of Total Non-Productive Cost

The total non-productive cost is a critical factor in manufacturing that directly affects cost efficiency, operational performance, and profitability. By focusing on reducing non-productive costs, manufacturers can achieve significant improvements in production efficiency, cost reduction, and competitive advantage. Managing these costs effectively requires a strategic approach involving lean manufacturing, preventive maintenance, effective training, process optimization, and data-driven decision-making.

How to Calculate Non-Productive Cost of Component given Average Production Cost?

Non-Productive Cost of Component given Average Production Cost calculator uses Non Average Production Cost = 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)) to calculate the Non Average Production Cost, The Non-Productive Cost of Component given Average Production Cost refers to the portion of the total production cost that does not directly contribute to the actual machining process. These costs are associated with activities that do not result in the physical transformation of raw materials into finished products but are necessary for production to occur. Non Average Production Cost is denoted by C_ai symbol.

How to calculate Non-Productive Cost of Component given Average Production Cost using this online calculator? To use this online calculator for Non-Productive Cost of Component given Average Production Cost, enter Production Cost of Each Component (C_pr), Cost of a Tool (C_t), Machining Time (t_m), Number of Tools Used (N_t), Batch Size (N_b) & Tool Changing Time (T) and hit the calculate button. Here is how the Non-Productive Cost of Component given Average Production Cost calculation can be explained with given input values -> 4320 = 11400-(80*69+(3/2)*(80*12+80)).

FAQ

What is Non-Productive Cost of Component given Average Production Cost?

The Non-Productive Cost of Component given Average Production Cost refers to the portion of the total production cost that does not directly contribute to the actual machining process. These costs are associated with activities that do not result in the physical transformation of raw materials into finished products but are necessary for production to occur and is represented as C_ai = C_pr-(C_t*t_m+(N_t/N_b)*(C_t*T+C_t)) or Non Average Production Cost = 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)). Production cost of each component involves accounting for various factors, including material costs, labor, machine operating costs, tool costs, overhead, and other related expenses, Cost of a tool is a multifaceted consideration that includes the initial purchase price, maintenance costs, tool life, and the impact on overall production costs, Machining time refers to the total time required to complete a specific machining operation on a workpiece, The Number of Tools Used is the total number of tools used for manufacturing a batch of products, Batch size refers to the number of identical parts produced in a single production run or cycle & Tool changing time referred to as tool change time, is the duration required to remove a used tool and replace it with a new one.

How to calculate Non-Productive Cost of Component given Average Production Cost?

The Non-Productive Cost of Component given Average Production Cost refers to the portion of the total production cost that does not directly contribute to the actual machining process. These costs are associated with activities that do not result in the physical transformation of raw materials into finished products but are necessary for production to occur is calculated using Non Average Production Cost = 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)). To calculate Non-Productive Cost of Component given Average Production Cost, you need Production Cost of Each Component (C_pr), Cost of a Tool (C_t), Machining Time (t_m), Number of Tools Used (N_t), Batch Size (N_b) & Tool Changing Time (T). With our tool, you need to enter the respective value for Production Cost of Each Component, Cost of a Tool, Machining Time, Number of Tools Used, Batch Size & Tool Changing 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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