Scrap Cost Calculator
What a scrap rate costs per period and per year.
Results
Total cost
2448.00
Quantity
288.0
Total cost
29,376.00
What this tool does
A scrap rate of two percent sounds small until it is expressed in money. The unit cost should include material, machine time and labour up to the point where the part was rejected, not just the raw material.
Formula
cost = units × scrap rate × unit cost
Variables
| Symbol | Meaning | Unit |
|---|---|---|
u | Total units produced | — |
r | Percentage | % |
c | Unit price | — |
C | Total cost | — |
N | Quantity | — |
CY | Total cost | — |
Worked example
- Total units produced12,000
- Percentage2.4 %
- Unit price8.5
- Total cost2448.00
- Quantity288.0
- Total cost29,376.00
Limitations
- The result is an estimate based only on the values you type. Real situations often include factors this calculator does not know about.
- The tool works with whatever currency you use for the inputs; it does not convert between currencies.