What is hourly rate of operating cost for each equip?
Labor and Equipment Cost Operating Cost: Exercise #5 Estimate the cost of owning and operating a piece of equipment on a project with the following costs: Assumptions: Cost of tires $4,500 Actual cost delivered)547,600 Salvage or scrap value3 percent Horsepower rating-150 hp Useful life-7 years or 14,000 hours Total interest-8 percent per year Length of loan-7 years Total insurance, taxes, and storage-6 percent per year Fuel cost-$1.10 per gallon Consumption rate-0.06 gallons per hp per hour What is hourly rate of Power utilization-62 percent operating cost? Use factor-70 percent Lubrication 4 quarts oil at $1.25 For each equip Oiler labor-2 hours labor at $16.50 Tires, Fule, Lubrications ...etc Lubrication schedule-every 150 hours Life of tires-4,000 hours Repair to tires12 percent of depreciation Labor and Equipment Cost Operating Cost: Exercise #5 - Solution Operating Cost (per hour): Tire depreciation - ($4,500/4,000 hours) = $1.13 per equip. work hour Tire repair = 0.12 X $1.13 per work hour = $0.14 per equip. work hour Fuel cost = 150 hp x 0.06 gal per hp her hour X 0.62 X 0.7 X $1.10 per gal Fuel cost = $4.30 per equip, work hour Lubrication cost = 4 qts. of oil X $1.50 per qt. $6.00 Lubrication labor = 2 work hours X $16.50 per work hour = $33.00 Lubrication cost per hour = ($6.00 $33.00)/150 hours Lubrication cost per hour = $0.26 per equip. work hour + 0 t 46 147 Scanned Documen....pdf Scanned Documen...pdf A Show all H Type here to search O T: lice 40 ENG 6:58 PM 9/22/2020 Labor and Equipment Cost Operating Cost: Exercise #5 Estimate the cost of owning and operating a piece of equipment on a project with the following costs: Assumptions: Cost of tires $4,500 Actual cost delivered)547,600 Salvage or scrap value3 percent Horsepower rating-150 hp Useful life-7 years or 14,000 hours Total interest-8 percent per year Length of loan-7 years Total insurance, taxes, and storage-6 percent per year Fuel cost-$1.10 per gallon Consumption rate-0.06 gallons per hp per hour What is hourly rate of Power utilization-62 percent operating cost? Use factor-70 percent Lubrication 4 quarts oil at $1.25 For each equip Oiler labor-2 hours labor at $16.50 Tires, Fule, Lubrications ...etc Lubrication schedule-every 150 hours Life of tires-4,000 hours Repair to tires12 percent of depreciation Labor and Equipment Cost Operating Cost: Exercise #5 - Solution Operating Cost (per hour): Tire depreciation - ($4,500/4,000 hours) = $1.13 per equip. work hour Tire repair = 0.12 X $1.13 per work hour = $0.14 per equip. work hour Fuel cost = 150 hp x 0.06 gal per hp her hour X 0.62 X 0.7 X $1.10 per gal Fuel cost = $4.30 per equip, work hour Lubrication cost = 4 qts. of oil X $1.50 per qt. $6.00 Lubrication labor = 2 work hours X $16.50 per work hour = $33.00 Lubrication cost per hour = ($6.00 $33.00)/150 hours Lubrication cost per hour = $0.26 per equip. work hour + 0 t 46 147 Scanned Documen....pdf Scanned Documen...pdf A Show all H Type here to search O T: lice 40 ENG 6:58 PM 9/22/2020
