Total Machining Time using 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%
✖Total Non Productive Cost is the amount spent on activities that do not result in any productivity or profit to the plant during the manufacturing of a batch of components.ⓘ Total Non Productive Cost [T_npc]			+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_ct]			+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_t]			+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%

✖Total machining time is the sum of all the time spent performing various machining operations on a workpiece.ⓘ Total Machining Time using Total Production Cost [t_m]

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Formula

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Total Machining Time using Total Production Cost

Formula

t m = \frac{C tp - (T npc + C ct + C t)}{C}

Example

1.25 s = \frac{30000 - (22460 + 7200 + 240)}{80}

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Total Machining Time using Total Production Cost Solution

STEP 0: Pre-Calculation Summary

Formula Used

Total Machining Time = (Total Production Cost-(Total Non Productive Cost+Total Tool Changing Cost+Total Cost of Tools Used))/(Cost of a Tool)
t_m = (C_tp-(T_npc+C_ct+C_t))/(C)
This formula uses 6 Variables

Variables Used

Total Machining Time - (Measured in Second) - Total machining time is the sum of all the time spent performing various machining operations on a workpiece.
Total Production Cost - Total Production Cost involves summing up various cost components associated with the machining process.
Total Non Productive Cost - Total Non Productive Cost is the amount spent on activities that do not result in any productivity or profit to the plant during the manufacturing of a batch of components.
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.
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.

STEP 1: Convert Input(s) to Base Unit

Total Production Cost: 30000 --> No Conversion Required
Total Non Productive Cost: 22460 --> No Conversion Required
Total Tool Changing Cost: 7200 --> No Conversion Required
Total Cost of Tools Used: 240 --> No Conversion Required
Cost of a Tool: 80 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

t_m = (C_tp-(T_npc+C_ct+C_t))/(C) --> (30000-(22460+7200+240))/(80)

Evaluating ... ...

t_m = 1.25

STEP 3: Convert Result to Output's Unit

1.25 Second --> No Conversion Required

FINAL ANSWER

1.25 Second <-- Total Machining Time

(Calculation completed in 00.020 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

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

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

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

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

Total Machining Time using Total Production Cost Formula

Total Machining Time = (Total Production Cost-(Total Non Productive Cost+Total Tool Changing Cost+Total Cost of Tools Used))/(Cost of a Tool)
t_m = (C_tp-(T_npc+C_ct+C_t))/(C)

Significance of Machining and Operating Costs

The Machining and Operating Cost basically helps in determining the count of components that can be manufactured in the given resources. If this calculated cost is lower than the actual cost based on machining time, it means that the production planning has failed, as the total number of the components that are to be produced becomes lower than the starting batch size.

How to Calculate Total Machining Time using Total Production Cost?

Total Machining Time using Total Production Cost calculator uses Total Machining Time = (Total Production Cost-(Total Non Productive Cost+Total Tool Changing Cost+Total Cost of Tools Used))/(Cost of a Tool) to calculate the Total Machining Time, The Total Machining Time using Total Production Cost is a method to determine the total processing time required by a whole batch of components on one or more machines to produce a final batch of products. Total Machining Time is denoted by t_m symbol.

How to calculate Total Machining Time using Total Production Cost using this online calculator? To use this online calculator for Total Machining Time using Total Production Cost, enter Total Production Cost (C_tp), Total Non Productive Cost (T_npc), Total Tool Changing Cost (C_ct), Total Cost of Tools Used (C_t) & Cost of a Tool (C) and hit the calculate button. Here is how the Total Machining Time using Total Production Cost calculation can be explained with given input values -> 1.25 = (30000-(22460+7200+240))/(80).

FAQ

What is Total Machining Time using Total Production Cost?

The Total Machining Time using Total Production Cost is a method to determine the total processing time required by a whole batch of components on one or more machines to produce a final batch of products and is represented as t_m = (C_tp-(T_npc+C_ct+C_t))/(C) or Total Machining Time = (Total Production Cost-(Total Non Productive Cost+Total Tool Changing Cost+Total Cost of Tools Used))/(Cost of a Tool). Total Production Cost involves summing up various cost components associated with the machining process, Total Non Productive Cost is the amount spent on activities that do not result in any productivity or profit to the plant during the manufacturing of a batch of components, 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 & 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.

How to calculate Total Machining Time using Total Production Cost?

The Total Machining Time using Total Production Cost is a method to determine the total processing time required by a whole batch of components on one or more machines to produce a final batch of products is calculated using Total Machining Time = (Total Production Cost-(Total Non Productive Cost+Total Tool Changing Cost+Total Cost of Tools Used))/(Cost of a Tool). To calculate Total Machining Time using Total Production Cost, you need Total Production Cost (C_tp), Total Non Productive Cost (T_npc), Total Tool Changing Cost (C_ct), Total Cost of Tools Used (C_t) & Cost of a Tool (C). With our tool, you need to enter the respective value for Total Production Cost, Total Non Productive Cost, Total Tool Changing Cost, Total Cost of Tools Used & Cost of a 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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