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A company currently has 6 people on a crew doing a manual labor job. Each person is paid at the rate of 12.00 per hour.
A company currently has 6 people on a crew doing a manual labor job. Each person is paid at the rate of 12.00 per hour. A machine is being considered at the cost of $88,000. This machine operated by one technician who is paid at the rate of 18.00 per hour will have an hourly output equal to the six man crew. The machine will last 3 years. If the machine runs 2,000 hours per year what is the benefit / cost ratio.
1.5
1.7
1.9
2.1
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