Total Tool-Changing Cost Calculator

✖Total Tool Changing Time is the cumulative time spent changing tools throughout the machining process.ⓘ Total Tool Changing Time [t_tc]			+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%

✖Tool Changing Cost involves accounting for both the direct and indirect expenses related to the tool change process.ⓘ Total Tool-Changing Cost [C_tc]

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Total Tool-Changing Cost Solution

STEP 0: Pre-Calculation Summary

Formula Used

Tool Changing Cost = Total Tool Changing Time*Number of Tools Used
C_tc = t_tc*N_t
This formula uses 3 Variables

Variables Used

Tool Changing Cost - Tool Changing Cost involves accounting for both the direct and indirect expenses related to the tool change process.
Total Tool Changing Time - (Measured in Second) - Total Tool Changing Time is the cumulative time spent changing tools throughout the machining process.
Number of Tools Used - The Number of Tools Used is the total number of tools used for manufacturing a batch of products.

STEP 1: Convert Input(s) to Base Unit

Total Tool Changing Time: 90 Second --> 90 Second No Conversion Required
Number of Tools Used: 3 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

C_tc = t_tc*N_t --> 90*3

Evaluating ... ...

C_tc = 270

STEP 3: Convert Result to Output's Unit

270 --> No Conversion Required

FINAL ANSWER

270 <-- Tool Changing 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

Parul Keshav has verified this Calculator and 400+ more calculators!

< 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 Tool-Changing Cost Formula

LaTeX Go

Tool Changing Cost = Total Tool Changing Time*Number of Tools Used
C_tc = t_tc*N_t

How is Tool-Changing Cost generated?

The tool-changing cost is generated on the processes that basically include changing or re-sharpening the tool. These do not result in any productivity or profit whatsoever. But as the time is consumed by the operator to perform these tasks, when paid by the hour, the operators cost plants this time too.

How to Calculate Total Tool-Changing Cost?

Total Tool-Changing Cost calculator uses Tool Changing Cost = Total Tool Changing Time*Number of Tools Used to calculate the Tool Changing Cost, The Total Tool-Changing Cost is defined as the total cost that arises due to the time taken by the operator in changing the Cutting Tool when he is paid by the hour. Tool Changing Cost is denoted by C_tc symbol.

How to calculate Total Tool-Changing Cost using this online calculator? To use this online calculator for Total Tool-Changing Cost, enter Total Tool Changing Time (t_tc) & Number of Tools Used (N_t) and hit the calculate button. Here is how the Total Tool-Changing Cost calculation can be explained with given input values -> 270 = 90*3.

FAQ

What is Total Tool-Changing Cost?

The Total Tool-Changing Cost is defined as the total cost that arises due to the time taken by the operator in changing the Cutting Tool when he is paid by the hour and is represented as C_tc = t_tc*N_t or Tool Changing Cost = Total Tool Changing Time*Number of Tools Used. Total Tool Changing Time is the cumulative time spent changing tools throughout the machining process & The Number of Tools Used is the total number of tools used for manufacturing a batch of products.

How to calculate Total Tool-Changing Cost?

The Total Tool-Changing Cost is defined as the total cost that arises due to the time taken by the operator in changing the Cutting Tool when he is paid by the hour is calculated using Tool Changing Cost = Total Tool Changing Time*Number of Tools Used. To calculate Total Tool-Changing Cost, you need Total Tool Changing Time (t_tc) & Number of Tools Used (N_t). With our tool, you need to enter the respective value for Total Tool Changing Time & Number of Tools Used 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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