How to Calculate Tool Changing Cost of each Tool given Individual Costs?
Tool Changing Cost of each Tool given Individual Costs calculator uses Cost of changing each Tool = (Total Production Cost-(Total Non-Productive Cost+Total Machining And Operating Cost+Total Cost of Tools Used))/Number of Tools Used to calculate the Cost of changing each Tool, The Tool Changing Cost of each Tool given Individual Costs is a method to determine the cost that arises due to the time taken by the operator in changing 1 Cutting Tool when he is paid by the hour, based on the total expense of different activities on a batch of components produced. Cost of changing each Tool is denoted by CCT symbol.
How to calculate Tool Changing Cost of each Tool given Individual Costs using this online calculator? To use this online calculator for Tool Changing Cost of each Tool given Individual Costs, enter Total Production Cost (TPC), Total Non-Productive Cost (TNPC), Total Machining And Operating Cost (Cm), Total Cost of Tools Used (TTC) & Number of Tools Used (Nt) and hit the calculate button. Here is how the Tool Changing Cost of each Tool given Individual Costs calculation can be explained with given input values -> 9630 = (30000-(10+100+1000))/3
.