Advanced manufacturing technologies, such as CNC machines, require significant investments, but also offer new capabilities to the manufacturers. One of the important capabilities of a CNC machine is the controllable processing times. By using this capability, the due date requirements of customers can be satisfied much more effectively. Processing times of the jobs on a CNC machine can be easily controlled via machining conditions such that they can be increased or decreased at the expense of tooling cost. Since scheduling decisions are very sensitive to the processing times, we solve the process planning and scheduling problems simultaneously. In this study, we consider the problem of scheduling a set of jobs on a single CNC machine to minimize the sum of total weighted tardiness, tooling and machining costs. We formulated the joint problem, which is NP-hard since the total weighted tardiness problem (with fixed processing times) is strongly NP-hard alone, as a nonlinear mixed integer program. We proposed a DP-based heuristic to solve the problem for a given sequence and designed a local search algorithm that uses it as a base heuristic.