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Total Non-Productive Cost Formula

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Total Production Cost For Non Productive Cost is the total amount that it takes to produce a batch of components from scratch to determine non productive cost. Check FAQs

TPC n = NPT total \cdot M

TPC_n - Total Production Cost For Non Productive Cost?NPT_total - Total Non Productive Time?M - Machining And Operating Rate?

Total Non-Productive Cost Example

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With units

Only example

Here is how the Total Non-Productive Cost equation looks like with Values.

Here is how the Total Non-Productive Cost equation looks like with Units.

Here is how the Total Non-Productive Cost equation looks like.

200.0004 = 20 \cdot 0.1667

200.0004 = 20min \cdot 0.1667

200.0004 = 20 \cdot 0.1667

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Total Non-Productive Cost Solution

Follow our step by step solution on how to calculate Total Non-Productive Cost?

FIRST Step Consider the formula

TPC n = NPT total \cdot M

Next Step Substitute values of Variables

∴

TPC n = 20min \cdot 0.1667

Next Step Convert Units

∴

TPC n = 1200s \cdot 0.1667

Next Step Prepare to Evaluate

∴

TPC n = 1200 \cdot 0.1667

LAST Step Evaluate

∴

TPC n = 200.0004

Total Non-Productive Cost Formula Elements

Variables

Total Production Cost For Non Productive Cost

Total Production Cost For Non Productive Cost is the total amount that it takes to produce a batch of components from scratch to determine non productive cost.

Symbol: TPC_n

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Total Production Cost For Non Productive Cost

Total Non Productive Time

Total Non Productive Time is the total time wasted in setting up the machine or workpiece for a particular process to obtain total non productive cost.

Symbol: NPT_total

Measurement: TimeUnit: min

Note: Value should be greater than 0.

Formulas to find Total Non Productive Time

Machining And Operating Rate

Machining And Operating Rate is the money charged for processing on and operating machines per unit time, including overheads.

Symbol: M

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Machining And Operating Rate

Credits

Created by Kumar Siddhant

Indian Institute of Information Technology, Design and Manufacturing (IIITDM), Jabalpur

Kumar Siddhant has created this Formula and 400+ more formulas!

Verified by Parul Keshav

National Institute of Technology (NIT), Srinagar

Parul Keshav has verified this Formula and 400+ more formulas!

Other formulas in Machining Cost category

Go Total Machining and Operating Cost

C r = M \cdot TPT

Go Machining and Operating Rate given Total Machining and Operating Cost

M = \frac{C r}{TPT}

Go Total Machining and Operating Costs given Total Production Cost

C o = TPC - (TTC + TCC + TNPC)

Go Total Machining and Operating Costs using Average Production Cost

C o = (C pr - (C' avg \cdot NPT) - (\frac{N t}{B} \cdot (C' avg \cdot t c + C' avg))) \cdot B

How to Evaluate Total Non-Productive Cost?

Total Non-Productive Cost evaluator uses Total Production Cost For Non Productive Cost = Total Non Productive Time*Machining And Operating Rate to evaluate the Total Production Cost For Non Productive Cost, The Total Non-Productive Cost is defined as 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 Production Cost For Non Productive Cost is denoted by TPC_n symbol.

How to evaluate Total Non-Productive Cost using this online evaluator? To use this online evaluator for Total Non-Productive Cost, enter Total Non Productive Time (NPT_total) & Machining And Operating Rate (M) and hit the calculate button.

FAQs on Total Non-Productive Cost

What is the formula to find Total Non-Productive Cost?

The formula of Total Non-Productive Cost is expressed as Total Production Cost For Non Productive Cost = Total Non Productive Time*Machining And Operating Rate. Here is an example- 200.0004 = 1200*0.166667.

How to calculate Total Non-Productive Cost?

With Total Non Productive Time (NPT_total) & Machining And Operating Rate (M) we can find Total Non-Productive Cost using the formula - Total Production Cost For Non Productive Cost = Total Non Productive Time*Machining And Operating Rate.

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Total Non-Productive Cost Formula

Total Non-Productive Cost Example

Total Non-Productive Cost Solution

Total Non-Productive Cost Formula Elements

Credits

Other formulas in Machining Cost category

How to Evaluate Total Non-Productive Cost?

FAQs on Total Non-Productive Cost

Variable Name