Turret Press Accounting Calculations

Labor Cost = Labor Time * Labor Rate / Final Yield

Labor cost is a function of the following:

• Labor time (see formula below)

• Labor rate (specified by the machine property Labor Rate)

• Final yield (see the formula above)

Labor Time = Cycle Time * Labor Time Standard * Number of Operators

Labor time is the product of the following

• Cycle time (see the formula below)

• Labor time standard (specified as a machine property). This value reflects the amount of time spent by machine operators in between machine cycles, including time performing maintenance and cleaning tasks as well as time pausing between tasks. The amount is expressed as a cycle time multiplier.

• Number of operators (specified by the machine property Number of Operators)

Amortized Batch Setup =

(Setup Time Per Batch * (Labor Rate + Direct Overhead Rate)) / Batch Size

Amortized batch setup, setup cost per part, depends on the following:

• Setup time per batch (see formula below)

• Labor rate (specified by the machine property Labor Rate)

• Direct overhead rate (see Direct and Indirect Overhead)

• Batch size (specified in the Production Scenario screen of the Cost Guide)

Setup Time Per Batch = (Number of Turret Setups * Machine Setup Time) +

(Number of Special Tools * Special Tool Setup Time)

Setup time per batch depends on the following:

• Number of turret setups (product of number of tools –see Turret Press Cycle Time Calculation—and machine property Number of Tool Stations)

• Machine setup time (specified by the machine property Setup Time)

• Number of special tools (sum of the following PSOs: Unique Sizes in Number of Countersunk Holes, Number of Unique Forms, Number of Uniquely Shaped Flanged Holes, and Number of Unique Cluster Punches)

• Special tool setup time (specified by the machine property Special Tool Setup)