Total Production Cost for given Batch Size Calculator

✖Batch size refers to the number of identical parts produced in a single production run or cycle.ⓘ Batch Size [N]			+10% -10%
✖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_p]			+10% -10%

✖Total Production Cost involves summing up various cost components associated with the machining process.ⓘ Total Production Cost for given Batch Size [C_tp]

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Total Production Cost for given Batch Size Solution

STEP 0: Pre-Calculation Summary

Formula Used

Total Production Cost = Batch Size*Production Cost of Each Component
C_tp = N*C_p
This formula uses 3 Variables

Variables Used

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.
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.

STEP 1: Convert Input(s) to Base Unit

Batch Size: 2 --> No Conversion Required
Production Cost of Each Component: 15000 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

C_tp = N*C_p --> 2*15000

Evaluating ... ...

C_tp = 30000

STEP 3: Convert Result to Output's Unit

30000 --> No Conversion Required

FINAL ANSWER

30000 <-- Total 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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Verified by Parul Keshav

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

Total Production Cost for given Batch Size Formula

LaTeX Go

Total Production Cost = Batch Size*Production Cost of Each Component
C_tp = N*C_p

Average Production Cost of each component

The average Production Cost of each component is usually determined by taking an average over a defined batch of products. The reason for this is the extended costs such as the cost of tools and operating costs etc. This makes the Average Production Cost becomes quite higher for a single product than when measured over batch size.

How to Calculate Total Production Cost for given Batch Size?

Total Production Cost for given Batch Size calculator uses Total Production Cost = Batch Size*Production Cost of Each Component to calculate the Total Production Cost, The Total Production Cost for given Batch Size is defined as the total cost of producing a batch of components from scratch including all necessary operations and processes. Total Production Cost is denoted by C_tp symbol.

How to calculate Total Production Cost for given Batch Size using this online calculator? To use this online calculator for Total Production Cost for given Batch Size, enter Batch Size (N) & Production Cost of Each Component (C_p) and hit the calculate button. Here is how the Total Production Cost for given Batch Size calculation can be explained with given input values -> 30000 = 2*15000.

FAQ

What is Total Production Cost for given Batch Size?

The Total Production Cost for given Batch Size is defined as the total cost of producing a batch of components from scratch including all necessary operations and processes and is represented as C_tp = N*C_p or Total Production Cost = Batch Size*Production Cost of Each Component. Batch size refers to the number of identical parts produced in a single production run or cycle & Production cost of each component involves accounting for various factors, including material costs, labor, machine operating costs, tool costs, overhead, and other related expenses.

How to calculate Total Production Cost for given Batch Size?

The Total Production Cost for given Batch Size is defined as the total cost of producing a batch of components from scratch including all necessary operations and processes is calculated using Total Production Cost = Batch Size*Production Cost of Each Component. To calculate Total Production Cost for given Batch Size, you need Batch Size (N) & Production Cost of Each Component (C_p). With our tool, you need to enter the respective value for Batch Size & Production Cost of Each Component and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.

How many ways are there to calculate Total Production Cost?

In this formula, Total Production Cost uses Batch Size & Production Cost of Each Component. We can use 1 other way(s) to calculate the same, which is/are as follows -

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)

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