Enter the basic minute (min), the bundle allowances (min), fatigue allowances (min), and the machine allowances (min) into the Standard Minute Value Calculator. The calculator will evaluate the Standard Minute Value.
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Standard Minute Value Formula
The following formula is used to calculate the Standard Minute Value.
SMV = BM + BA + MA + FA
Variables:
- SMV is the Standard Minute Value (minutes)
- BM is the basic minute (min)
- BA is the bundle allowances (min)
- MA is the machine allowances (min)
- FA is the fatigue allowances (min)
To calculate the standard minute value, sum the basic minutes, bundle allowances, machine allowances, and fatigue allowances.
How to Calculate Standard Minute Value?
The following steps outline how to calculate the Standard Minute Value.
- First, determine the basic minute (min).
- Next, determine the bundle allowances (min).
- Next, determine the machine allowances (min).
- Next, gather the formula from above = SMV = BM + BA + MA + FA.
- Finally, calculate the Standard Minute Value.
- After inserting the variables and calculating the result, check your answer with the calculator above.
Example Problem:
Use the following variables as an example problem to test your knowledge.
basic minute (min) = 5
bundle allowances (min) = 6
machine allowances (min) = 8
SMV = BM + BA + MA + FA = ?
