Non-Productive Cost of Each Component given Total Production Cost Calculator

✖Total Production Cost involves summing up various cost components associated with the machining process.ⓘ Total Production Cost [C_tp]			+10% -10%
✖Batch size refers to the number of identical parts produced in a single production run or cycle.ⓘ Batch Size [N]			+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]			+10% -10%
✖Machining time refers to the total time required to complete a specific machining operation on a workpiece.ⓘ Machining Time [t]			+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%
✖Time to change one tool often referred to as tool change time, includes the duration taken to remove the used tool and install a new one.ⓘ Time to Change One Tool [t_c]			+10% -10%

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

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Non-Productive Cost of Each Component given Total Production Cost Solution

STEP 0: Pre-Calculation Summary

Formula Used

Non Productive Cost of Each Component = Total Production Cost-(Batch Size*Cost of a Tool*Machining Time+Number of Tools Used*((Cost of a Tool*Time to Change One Tool)+Cost of a Tool))
C_np = C_tp-(N*C*t+N_t*((C*t_c)+C))
This formula uses 7 Variables

Variables Used

Non Productive Cost of Each Component - Non Productive Cost of Each Component is the amount spent on activities like setting up, that does not result in any productivity or profit to the plant for manufacturing of a single component.
Total Production Cost - Total Production Cost involves summing up various cost components associated with the machining process.
Batch Size - Batch size refers to the number of identical parts produced in a single production run or cycle.
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.
Time to Change One Tool - (Measured in Second) - Time to change one tool often referred to as tool change time, includes the duration taken to remove the used tool and install a new one.

STEP 1: Convert Input(s) to Base Unit

Total Production Cost: 30000 --> No Conversion Required
Batch Size: 2 --> No Conversion Required
Cost of a Tool: 80 --> No Conversion Required
Machining Time: 87 Second --> 87 Second No Conversion Required
Number of Tools Used: 3 --> No Conversion Required
Time to Change One Tool: 30 Second --> 30 Second No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

C_np = C_tp-(N*C*t+N_t*((C*t_c)+C)) --> 30000-(2*80*87+3*((80*30)+80))

Evaluating ... ...

C_np = 8640

STEP 3: Convert Result to Output's Unit

8640 --> No Conversion Required

FINAL ANSWER

8640 <-- Non Productive Cost of Each Component

(Calculation completed in 00.066 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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< Total Production Cost Calculators

Non-Productive Cost of Each Component given Total Production Cost

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

Total Production Cost

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

Total Non-Productive Cost given Total Production Cost

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

Total Production Cost for given Batch Size

LaTeX Go Total Production Cost = Batch Size*Production Cost of Each Component

Non-Productive Cost of Each Component given Total Production Cost Formula

LaTeX Go

Significance of Total Non-Productive Cost

The Total Non-Productive Cost helps the concerned to determine the resource of the industry being wasted due to time lapse in important but non-profitable processes of the production line. It also helps in determining the required measures to be taken to increase the productivity of the plant which generally includes steps to decrease the Total Non-Productive Cost.

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

Non-Productive Cost of Each Component given Total Production Cost calculator uses Non Productive Cost of Each Component = Total Production Cost-(Batch Size*Cost of a Tool*Machining Time+Number of Tools Used*((Cost of a Tool*Time to Change One Tool)+Cost of a Tool)) to calculate the Non Productive Cost of Each Component, The Non-Productive Cost of Each component given Total Production Cost is a method to determine the maximum capital that can be spared on a non-profitable activity during the manufacturing of a batch of components. Non Productive Cost of Each Component is denoted by C_np symbol.

How to calculate Non-Productive Cost of Each Component given Total Production Cost using this online calculator? To use this online calculator for Non-Productive Cost of Each Component given Total Production Cost, enter Total Production Cost (C_tp), Batch Size (N), Cost of a Tool (C), Machining Time (t), Number of Tools Used (N_t) & Time to Change One Tool (t_c) and hit the calculate button. Here is how the Non-Productive Cost of Each Component given Total Production Cost calculation can be explained with given input values -> 8640 = 30000-(2*80*87+3*((80*30)+80)).

FAQ

What is Non-Productive Cost of Each Component given Total Production Cost?

The Non-Productive Cost of Each component given Total Production Cost is a method to determine the maximum capital that can be spared on a non-profitable activity during the manufacturing of a batch of components and is represented as C_np = C_tp-(N*C*t+N_t*((C*t_c)+C)) or Non Productive Cost of Each Component = Total Production Cost-(Batch Size*Cost of a Tool*Machining Time+Number of Tools Used*((Cost of a Tool*Time to Change One Tool)+Cost of a Tool)). Total Production Cost involves summing up various cost components associated with the machining process, Batch size refers to the number of identical parts produced in a single production run or cycle, 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 & Time to change one tool often referred to as tool change time, includes the duration taken to remove the used tool and install a new one.

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

The Non-Productive Cost of Each component given Total Production Cost is a method to determine the maximum capital that can be spared on a non-profitable activity during the manufacturing of a batch of components is calculated using Non Productive Cost of Each Component = Total Production Cost-(Batch Size*Cost of a Tool*Machining Time+Number of Tools Used*((Cost of a Tool*Time to Change One Tool)+Cost of a Tool)). To calculate Non-Productive Cost of Each Component given Total Production Cost, you need Total Production Cost (C_tp), Batch Size (N), Cost of a Tool (C), Machining Time (t), Number of Tools Used (N_t) & Time to Change One Tool (t_c). With our tool, you need to enter the respective value for Total Production Cost, Batch Size, Cost of a Tool, Machining Time, Number of Tools Used & Time to Change One Tool 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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