NAME : Pipaliya Praharsh

Admission No.: U18ME066

Experiment No.: 3

Date: 24/08/2021

EXPERIMENT 3: To prepare operation sheet for a given component as shown in the sketch
(Fig. 3.1) and to estimate production cost per piece for batch production (batch of 200 pieces).
GIVEN DATA:

Material cost = Rs.30 per

kg. Density of Material =
7.9gm/cc Labour cost =
Rs.0.3 per min.
Overhead charges = 120% of labour
cost. Relaxation allowance= 10%

REQUIREMENTS:

Lathe machine with required accessories, cutting tool, centering tool, Drill chuck and
stop watch. Dimensions of Raw material: Diameter = 16 mm, Length = 55 mm

THEORETICAL ASPECTS:

Manufacturing Costs:
1. Material cost: Direct cost & Indirect cost
2. Labour cost: Direct cost & Indirect cost
3. Expenses: Direct expenses & indirect expenses

Prime cost= Direct material cost + Direct labour cost + Direct

expenses Factory cost= Prime cost + Factory expenses
Where, Factory expenses = Indirect material cost + Indirect labour cost + Depreciation
etc. Manufacturing cost = Factory cost + Administrative expenses
Total Cost = Manufacturing cost + Selling & Distribution
expenses Selling Price = Total Cost + Profit
Fig. 3.1 Component Sketch
OBSERVATION TABLE:

Sr. Time
Description
No. (min) (sec)
1 Going to store to collect tools etc. 5 0
2 Install a chuck 5 0
3 Install a tool in a tool post 1 0
4 Install a job 1 0
5 Setting the component slide for facing 1 0
6 Facing on one side 0 40
7 Changing the job position 0 80
8 Facing on other side and get required length & check 4 53
Turning to get 12.5 mm dia for greater than 15 mm length & check the
9 2 30
diameter
10 Install a drill chuck 2 0
11 Install a centering drill 2 0
12 Centering on one side 1 0
13 Change job position 1 0
14 Remove drill chuck and drill 2 0
15 Install a dead center 1 0
16 Fix the job between chuck and dead center 2 0
17 Turning to get 10 mm dia. for 35 mm length & check it 5 30
18 Set the tool for chamfering 1 0
19 Chamfer at small end 0 5
20 Change the job position 1 0
21 Chamfer on other end 0 5
22 Remove job 0 10
23 Remove tool 0 10
24 Remove dead center 0 15
25 Remove chuck 5 0
26 Submit tools etc. in store 5 0

Tear Down time = T2 = t1 + t2 + t3+t23+ t24 + t25 + t26 = 21.42 min

Operation Time = T1 = t4 + t5 + ….t21 + t22 = 30.22 min
Time per piece = T = T1 + (T2/Batch Size) = 30.32 min
Standard time = 1.1 T = 33.36 min
Cost per piece = Material cost + Labour cost + Overhead charges = 24.64 Rs. ≈ 25 Rs.

Total cost for 200 pieces = 4927.17 Rs. ≈ 5000 Rs.

CALCULATION:
CONCLUSION: The operation sheet was prepared and along with that time required to
perform each operation was noted down and then final cost was calculated. The final cost of per
piece was around 25 Rs. And the batch price was around 4000 Rs. for 200 pieces.