Exxon Mobil is analyzing the costs for constructing a new oil refinery. Fixed construction costs are $300 million, variable costs per barrel refined are $10, and Exxon Mobil expects to refine 50 million barrels. Additionally, environmental compliance costs are projected to be $50 million.

Requirements:

• Calculate the total construction and environmental compliance costs.
• Determine the cost per barrel refined.
• Analyze the impact of refining an additional 10 million barrels.
• Discuss the significance of managing environmental compliance costs.
• Recommend strategies for cost control in refinery operations.