Non-Productive Cost of One Component given Individual Costs Calculator

✖Total Production Cost involves summing up various cost components associated with the machining process.ⓘ Total Production Cost [C_p]			+10% -10%
✖Total machining and operating cost involves considering various cost factors, including material costs, labor costs, machine operating costs, tool costs, overhead, and additional related expenses.ⓘ Total Machining and Operating Cost [C_m]			+10% -10%
✖Total Tool Changing Cost involves accounting for both the direct and indirect expenses related to the tool change process.ⓘ Total Tool Changing Cost [C_t]			+10% -10%
✖Total cost of tools used refers to the comprehensive expense incurred for all tools required throughout the production process.ⓘ Total Cost of Tools Used [c]			+10% -10%
✖Batch size refers to the number of identical parts produced in a single production run or cycle.ⓘ Batch Size [B]			+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 One Component given Individual Costs [C_a]

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Non-Productive Cost of One Component given Individual Costs Solution

STEP 0: Pre-Calculation Summary

Formula Used

Non Average Production Cost = (Total Production Cost-(Total Machining and Operating Cost+Total Tool Changing Cost+Total Cost of Tools Used))/Batch Size
C_a = (C_p-(C_m+C_t+c))/B
This formula uses 6 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.
Total Production Cost - Total Production Cost involves summing up various cost components associated with the machining process.
Total Machining and Operating Cost - Total machining and operating cost involves considering various cost factors, including material costs, labor costs, machine operating costs, tool costs, overhead, and additional related expenses.
Total Tool Changing Cost - Total Tool Changing Cost involves accounting for both the direct and indirect expenses related to the tool change process.
Total Cost of Tools Used - Total cost of tools used refers to the comprehensive expense incurred for all tools required throughout the production process.
Batch Size - Batch size refers to the number of identical parts produced in a single production run or cycle.

STEP 1: Convert Input(s) to Base Unit

Total Production Cost: 30000 --> No Conversion Required
Total Machining and Operating Cost: 100 --> No Conversion Required
Total Tool Changing Cost: 75 --> No Conversion Required
Total Cost of Tools Used: 29815 --> No Conversion Required
Batch Size: 2 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

C_a = (C_p-(C_m+C_t+c))/B --> (30000-(100+75+29815))/2

Evaluating ... ...

C_a = 5

STEP 3: Convert Result to Output's Unit

5 --> No Conversion Required

FINAL ANSWER

5 <-- Non Average Production Cost

(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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< Individual Cost Calculators

Setup Time for Each Product given Individual Costs

LaTeX Go Setup Time = (Total Production Cost-(Total Machining and Operating Cost+Total Tool Changing Cost+Total Cost of Tools Used))/(Cost of a Tool*Batch Size)

Non-Productive Cost of One Component given Individual Costs

LaTeX Go Non Average Production Cost = (Total Production Cost-(Total Machining and Operating Cost+Total Tool Changing Cost+Total Cost of Tools Used))/Batch Size

Total Non-Productive Cost given Individual Costs

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 given Individual Costs

LaTeX Go Total Production Cost = Total Non Productive Cost+Total Machining and Operating Cost+Total Tool Changing Cost+Total Cost of Tools Used

Non-Productive Cost of One Component given Individual Costs Formula

LaTeX Go

Non Average Production Cost = (Total Production Cost-(Total Machining and Operating Cost+Total Tool Changing Cost+Total Cost of Tools Used))/Batch Size
C_a = (C_p-(C_m+C_t+c))/B

Components of Non-Productive Cost

1) Setup Cost: Expenses incurred for setting up the machine and tools for a production run.
2) Tool Change Cost: Costs associated with replacing and maintaining tools during production.
3) Machine Downtime Cost: Costs related to periods when the machine is not operational due to maintenance, adjustments, or repairs.
4) Material Handling Cost: Expenses for moving, loading, and unloading materials and components.
5) Maintenance Cost: Costs for regular and corrective maintenance of machines and equipment.
6) Waiting Cost: Costs incurred when production is halted due to waiting for materials, tools, or instructions.

Significance

1) Cost Reduction: Identifying and minimizing non-productive costs can significantly reduce overall production costs.
2) Efficiency Improvement: Helps in pinpointing inefficiencies and bottlenecks in the production process, leading to better workflow and resource allocation.
3) Pricing Strategy: Accurate calculation of all costs, including non-productive costs, ensures proper pricing of components to maintain profitability.
4) Resource Management: Provides insights into how resources are used during non-productive periods, helping to optimize their utilization.

How to Calculate Non-Productive Cost of One Component given Individual Costs?

Non-Productive Cost of One Component given Individual Costs calculator uses Non Average Production Cost = (Total Production Cost-(Total Machining and Operating Cost+Total Tool Changing Cost+Total Cost of Tools Used))/Batch Size to calculate the Non Average Production Cost, Non-Productive Cost of One Component given Individual Costs refers to the portion of the total cost that does not directly contribute to the actual machining of the component. This includes expenses related to activities that support the production process but do not involve active machining, such as setup time, tool changes, machine downtime, maintenance, and material handling. These costs are essential to understand for optimizing production efficiency and reducing overall costs. Non Average Production Cost is denoted by C_a symbol.

How to calculate Non-Productive Cost of One Component given Individual Costs using this online calculator? To use this online calculator for Non-Productive Cost of One Component given Individual Costs, enter Total Production Cost (C_p), Total Machining and Operating Cost (C_m), Total Tool Changing Cost (C_t), Total Cost of Tools Used (c) & Batch Size (B) and hit the calculate button. Here is how the Non-Productive Cost of One Component given Individual Costs calculation can be explained with given input values -> 5 = (30000-(100+75+29815))/2.

FAQ

What is Non-Productive Cost of One Component given Individual Costs?

Non-Productive Cost of One Component given Individual Costs refers to the portion of the total cost that does not directly contribute to the actual machining of the component. This includes expenses related to activities that support the production process but do not involve active machining, such as setup time, tool changes, machine downtime, maintenance, and material handling. These costs are essential to understand for optimizing production efficiency and reducing overall costs and is represented as C_a = (C_p-(C_m+C_t+c))/B or Non Average Production Cost = (Total Production Cost-(Total Machining and Operating Cost+Total Tool Changing Cost+Total Cost of Tools Used))/Batch Size. Total Production Cost involves summing up various cost components associated with the machining process, Total machining and operating cost involves considering various cost factors, including material costs, labor costs, machine operating costs, tool costs, overhead, and additional related expenses, Total Tool Changing Cost involves accounting for both the direct and indirect expenses related to the tool change process, Total cost of tools used refers to the comprehensive expense incurred for all tools required throughout the production process & Batch size refers to the number of identical parts produced in a single production run or cycle.

How to calculate Non-Productive Cost of One Component given Individual Costs?

Non-Productive Cost of One Component given Individual Costs refers to the portion of the total cost that does not directly contribute to the actual machining of the component. This includes expenses related to activities that support the production process but do not involve active machining, such as setup time, tool changes, machine downtime, maintenance, and material handling. These costs are essential to understand for optimizing production efficiency and reducing overall costs is calculated using Non Average Production Cost = (Total Production Cost-(Total Machining and Operating Cost+Total Tool Changing Cost+Total Cost of Tools Used))/Batch Size. To calculate Non-Productive Cost of One Component given Individual Costs, you need Total Production Cost (C_p), Total Machining and Operating Cost (C_m), Total Tool Changing Cost (C_t), Total Cost of Tools Used (c) & Batch Size (B). With our tool, you need to enter the respective value for Total Production Cost, Total Machining and Operating Cost, Total Tool Changing Cost, Total Cost of Tools Used & Batch Size 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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