Cost of Scrap
Shot weight  (gms) Material Cost (per lb)
Cycle time (secs) Labor Cost ($/hour)
Shift hours per day (hours) Machine Cost ($/hour)
# of working days in a year (days) Opportunity Cost ($/hour)
Current scrap rate (%)    
       
Results    
Cost of SCRAP ($)    
Production hours lost due to scrap (hours)    
Opportunity Cost ($)    
Total Loss