How do you calculate excavator productivity?

How do you calculate excavator productivity?

How to calculate productivity of construction equipment like excavator, dozer, rock breaker, riper.. capacity of Excavator….

1. bucket capacity-2.4 cum.
2. ideal output=load per cycle*no. of cycle/hour.
3. apply correction factors.
4. corrected output=ideal ouput*a*b*c*d*e.

How do you calculate equipment rental rates?

To calculate a rental, you would multiply the total cost of a piece of equipment x 5% / month x 13 x 80% to arrive at the estimated annual rental dollars a rental company wants to achieve. By doing this, they would generate a 35% to 40% gross profit, which includes maintenance, insurance and the limited fuel they fund.

How do you calculate equipment cost per hour?

To calculate the average total cost per hour, divide the annual total cost by the number of total hours that the machine is used.

How do you calculate operating costs?

From a company’s income statement take the total cost of goods sold, or COGS, which can also be called cost of sales. Find total operating expenses, which should be farther down the income statement. Add total operating expenses and COGS to arrive at the total operating costs for the period.

How do you calculate machine hours?

To calculate machine hours per unit, a factory must keep track of how many hours machines are run and how many units of inventory are produced. To find machine hours per unit, divide the total number of hours that machinery is operated by the number of units produced.

How do you calculate direct labor cost?

If you want to know direct labor cost per unit, divide total direct labor costs by the total amount of units of goods produced during the period. You could also evaluate direct labor costs as a percentage of revenue. To calculate this metric, divide direct labor costs by total revenue for the period.

What is the machine hour rate?

(1)MEANING: – Machine hour rate (MHR) is the cost of running a machine for one hour. Under this method machines hours are. used as the basis for production overhead absorption rate.

What is EOQ and its formula?

Also referred to as ‘optimum lot size,’ the economic order quantity, or EOQ, is a calculation designed to find the optimal order quantity for businesses to minimize logistics costs, warehousing space, stockouts, and overstock costs. The formula is: EOQ = square root of: [2(setup costs)(demand rate)] / holding costs.

How is EOQ calculated?

EOQ formula

1. Determine the demand in units.
2. Determine the order cost (incremental cost to process and order)
3. Determine the holding cost (incremental cost to hold one unit in inventory)
4. Multiply the demand by 2, then multiply the result by the order cost.
5. Divide the result by the holding cost.

What are 3 causes of inventory shrinkage?

What Causes Inventory Shrinkage? Customer theft, employee theft, and clerical and administrative errors are three of the top causes of shrink across all types and sizes of retail operations.

Which type of inventory procedure is better?

Under FIFO, it’s assumed that the inventory that is the oldest is being sold first. The FIFO method is the standard inventory method for most companies. FIFO gives a lower-cost inventory because of inflation; lower-cost items are usually older.

What are the 5 types of inventory?

5 Inventory Types: From Raw Materials to Finished Goods

• Raw Materials Inventory. Raw materials inventory involve items used to make finished products.
• Maintenance, Repair, and Operating (MRO) Inventory.
• Work In Progress (WIP) Inventory.
• Finished Goods Inventory.

What is MRO inventory?

The MRO inventory meaning is all the consumable materials, supplies, and equipment needed for manufacturing that aren’t a part of ending finished goods inventory.

What are 10 raw materials?

Examples of raw materials include: steel, oil, corn, grain, gasoline, lumber, forest resources, plastic, natural gas, coal, and minerals.