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: this is the product of the following:

    • Machine property Labor Rate
    • Cost model variable laborRateAdjustmentFactor (1 in starting point Digital Factories)
    • Machine property Work Center Labor Rate Factor (1 in starting point Digital Factories)

  • 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: this is the product of the following:

    • Machine property Labor Rate
    • Cost model variable laborRateAdjustmentFactor (1 in starting point Digital Factories)
    • Machine property Work Center Labor Rate Factor (1 in starting point Digital Factories)

  • 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: