A Brief Rundown on the CNC Machine Hourly Rate Calculator
Having a handy figure that enables you to keep track of the costs of the CNC machine hourly rate when weighed against various factors like labor costs, shelf life of the machine, the amount you have invested in it and more, allows you to compare different used CNC machines or estimate quotations and job costs.
The basic principle is to arrive at the total cost of ownership of the machine, for example, a used CNC lathe machine, against its general convenient life and then dividing it by the sum of hours it will be used for.
A promising method of accurately calculating the hourly rate for any machine can be done using the G-Wizard Estimator Software. Each machine has a default hourly rate fixed in the software. The only variables you have to fill are as follows:
- Under the Machine section, you are required to fill out the used CNC lathe machine price that also includes the tooling. In case you decide to finance the machine, you will have to fill out the particulars regarding deposit, loan term, annual interest and more.
- In the Life section, you are required to fill in the shelf-life and the trade in value of the machine.
- The Consumables section requires particulars on the annual cost of materials like lubricants, tools, spare parts, etc.
- The Labor section requires details of operator hourly rates, working days and downtime suffered.
- The Total Cost of Ownership is calculated based on the given information. The Markup value is an optional detail you may wish to keep empty or enter. The hourly cost of labor is presented at the end of all calculations.
A used machine when purchased from a reputed establishment, like Hi-Tech Machinery Inc. that specializes in providing top-quality CNC machinery and complete manufacturing facilities is guaranteed in its efficiency to last longer and effectively so. You can browse through the used CNC machine for sale options through the pool of models available online and then make an informed decision.
