A CNC milling machine has a purchase price of £100,000 and it is considered from an accountingstandpoint to be depreciated to zero value over a period of 6 years. If the machine is to be used for 2shifts with each shift working for 37 hours/week and 45 weeks/ year. What is the machine cost/ hr whichmust be charged in order to amortise the costs over the 6 year period? Express your answer in £/ hourbut just write the numerical answer rounded up to the nearest penny.To make the calculation simpler ignore the effects of compound interest, you can assume that over the 6year period you will be required to pay back borrowed money for the machine purchase amounting to 6%interest on the sum borrowed.

Here's a detailed calculation for better understanding. The total number of working hours over the 6…

Answered: A CNC milling machine has a purchase…

Elements Of Electromagnetics

7th Edition

ISBN:9780190698614

Author:Sadiku, Matthew N. O.

Publisher:Sadiku, Matthew N. O.

ChapterMA: Math Assessment

Section: Chapter Questions

Problem 1.1MA

See similar textbooks

Similar questions

: The output of a certain machine can be increased if it undergoes a major overhaul now and it will result additional cash flow of $ 20,000 at the end of each year for “N” years. If i = 15 % per year, how much can we afford to invest to overhaul this machine?
In a casting machining company, it takes an operator 30 seconds to load ,15 seconds to unload each machining center. There are several same centers, all working on the same type of part, and the duration of the automatic operation is 1 minute. The travel time between machines is 15 seconds. Given that the cost per hour of the operator $8 and the cost per hour of the machine is $10, using the man-machine diagram, determine the value of the highest production rate for the system
A toy manufacturing uses 51030 rubber wheels per year for its popular dump truck series. The firm makes its own wheels, which it can can produce at a rate of 800 per day. The toy trucks are assembled uniformly ( at a constant rate ) over the entire year. Carrying cost is $ 1.50 per wheel per year. setup cost for the production run of the wheel is $ 47. The firm operatyes 243 days per year. Determine each of the following: 1-Optimal run size 2-Use your final answer from part 1 to determine minimum total annual cost for carrying and setup 3-Cycle time for the optimal run size 4-Run time
Calculate the capitalized cost of a project that has an initial cost of P 3,000,000 and an additional cost of P 1,000, 000 at the end of every 10 yrs. The annual operating costs will be P100, 000 at the end of every year for the first 4 years and P160, 000 thereafter. In addition, there is expected to be recurring major rework cost of P 300,000 every 13 yrs. Assume i =15%. Calculate it manually, not in excel. Show complete solution and formula used. Please write it in a paper in order for us to understand. Don't type it. Thank you! ANS. P 4,281,935.95
The annual requirement of rivets at a ship manufacturing company is 2000 kg. The rivets are supplied in units of 1 kg costing Rs. 25 each. If it costs Rs. 100 to place an order and the annual cost of carrying one unit is 9% of its purchase cost, the cycle length of the order (in days) will be_______
The production manager of a manufacturing firm has tracked the average repair and maintenance cost of a machine for 10 years. Cost averages were steady at Rs. 20,000 for the first five years, but have increased consistently by Rs. 5,000 for each of the last 5 years. Draw the cash flow diagram and calculate the equivalent present worth and annual worth of the costs, if interest rate is 6% per annum.
An existing machine in a factory has an annual maintenance cost of P40,000. A new and more efficient machine will require an investment of P90,000 and is estimated to have salvage value of P30,000 at the end of 8 years. Its annual expenses for maintenance and upkeep etc. is total of P 22,000. if the company expects to earn 12% on its investment, will it be worthwhile to purchase the new machine using the present worth.
Solve step by step
A worker is currently responsible for tending two machines in a machine cluster. The service time per machine is 0.35 min and the time to walk between machines is 0.15 min.The machine automatic cycle time is 1.90 min. If the worker’s hourly rate = $12/hr andthe hourly rate for each machine = $18/hr, determine (a) the current hourly rate for thecluster, and (b) the current cost per unit of product, given that two units are produced byeach machine during each machine cycle. (c) What is the percent idle time of the worker?(d) What is the optimum number of machines that should be used in the machine cluster, ifminimum cost per unit of product is the decision criterion?
1. A certain batch of parts is routed through six machines in a batch production plant. The setup and operation times for each machine are given in the table below. Batch size is 200 and the average nonoperation time per machine is15 hr. Determine (a) manufacturing lead time and (b) hourly production rate for operation 4.Machine 1 2 3 4 5 6Setup time (hr) 5 3 6 4 5 3Operation time (min) 3.0 3.3 8.2 3.9 4.5 2.3 a. 6(4.3+200(3.9/60)+15) = 193.8 hours 24.2 days if 8 hour shiftb. 4(60)+200(3.9)/200 =5.1 hourly production for operation 4 2. Suppose the part in the previous problem is made in very large quantities on a production line in which an automated work handling system is used to transfer parts between machines. Transfer time between stations is 30 sec. total time required to setup the entire line is 102 hr. Assume that the operation times at the individual machines remain the same as in the previous problem, Determine (a) manufacturing lead time for a part coming off the line,…
Two parallel shafts, 36 inches apart are connected by a belt drive. The driving pulley rotates at 600 RPM and the driven pulley at 250 RPM. The smaller pulley diameter is 10 inches. For both an open and a crossed belt, determine: (1) the diameter of the larger pulley; (2) the linear velocity of the belt in feet per minute; (3) the length of the belt.
A machine costs P20,000 today and has an estimated scrap value of P2,000 after 8 years. Inflation is 8% per year. The effective annual interest rate earned on money invested is 8%. How much money needs to be set aside each year to replace the machine with an identical model 8 years from now?

SEE MORE QUESTIONS

Recommended textbooks for you

Elements Of Electromagnetics

Mechanical Engineering

ISBN:

9780190698614

Author:

Sadiku, Matthew N. O.

Publisher:

Oxford University Press

Mechanics of Materials (10th Edition)

Mechanical Engineering

ISBN:

9780134319650

Author:

Russell C. Hibbeler

Publisher:

PEARSON

Thermodynamics: An Engineering Approach

Mechanical Engineering

ISBN:

9781259822674

Author:

Yunus A. Cengel Dr., Michael A. Boles

Publisher:

McGraw-Hill Education

Elements Of Electromagnetics

Mechanical Engineering

ISBN:

9780190698614

Author:

Sadiku, Matthew N. O.

Publisher:

Oxford University Press

Mechanics of Materials (10th Edition)

Mechanical Engineering

ISBN:

9780134319650

Author:

Russell C. Hibbeler

Publisher:

PEARSON

Thermodynamics: An Engineering Approach

Mechanical Engineering

ISBN:

9781259822674

Author:

Yunus A. Cengel Dr., Michael A. Boles

Publisher:

McGraw-Hill Education

Control Systems Engineering

Mechanical Engineering

ISBN:

9781118170519

Author:

Norman S. Nise

Publisher:

WILEY

Mechanics of Materials (MindTap Course List)

Mechanical Engineering

ISBN:

9781337093347

Author:

Barry J. Goodno, James M. Gere

Publisher:

Cengage Learning

Engineering Mechanics: Statics

Mechanical Engineering

ISBN:

9781118807330

Author:

James L. Meriam, L. G. Kraige, J. N. Bolton

Publisher:

WILEY

SEE MORE TEXTBOOKS