ACCOUNTING AND FINANCIAL ENGINEERING - EXAMPLE 34.23 : An engineering company would like to produce 10000 units of control instruments. Let selling price per unit = $10, variable cost per unit = $2, overall fixed cost = $30000. (a) Calculate the income obtained when all units are sold out successfully. (b) Find the overall cost of production. (c) Calculate the percentage of gross profit obtained based on the answers in (a) and (b). (d) Find the minimum units that need to be sold out successfully in order to prevent losses. (e) How many minimum units of instruments that need to be produced in order to prevent losses, if all units produced are sold out successfully?



ACCOUNTING AND FINANCIAL ENGINEERING - EXAMPLE 34.23 : An engineering company would like to produce ..

Answer / kangchuentat

ACCOUNTING AND FINANCIAL ENGINEERING - ANSWER 34.23 : (a) Income = 10000 units x $10 / unit = $100000. (b) Overall cost of production = overall variable cost + overall fixed cost = 10000 units x $2 / unit + $30000 = $50000. (c) Percentage of gross profit = 100 x [ answer (a) - answer (b) ] / [ answer (a) ] = 100 x ($100000 - $50000) / ($100000) = 50 %. (d) Let N units x $10 / unit = $50000 = answer (b) where N = units successfully sold = $50000 / ($10 / unit) = 5000 units. (e) Let contribution margin = (selling price - variable cost) / unit = $ (10 - 2) = $8. M x (contribution margin) = overall fixed cost = $30000. M = ($30000) / ($8) = 3750 units need to be produced at minimum. The answer is given by Kang Chuen Tat; PO Box 6263, Dandenong, Victoria VIC 3175, Australia; SMS +61405421706; chuentat@hotmail.com; http://kangchuentat.wordpress.com.

Is This Answer Correct ?    0 Yes 0 No

Post New Answer

More Chemical Engineering Interview Questions

Question 79 - (a) The American Petroleum Institute gravity, or API gravity, is a measure of how heavy or light a petroleum liquid is compared to water. Let SG = specific gravity of petroleum liquid, and V = barrels of crude oil per metric ton. Given the formula for API gravity = 141.5 / SG - 131.5 and V = (API gravity + 131.5) / (141.5 x 0.159), find the relationship of SG as a function of V. (b) An oil barrel is about 159 litres. If a cylinder with diameter d = 50 cm and height h = 50 cm is used to contain the oil, find the volume V of the cylinder in the unit of oil barrel by using the formula V = 3.142 x d x h x d / 4. (c) First reference : 1 cubic metre = 6.2898 oil barrels. Second reference : 1 cubic metre = 6.37 oil barrels. What are the 2 factors that cause the difference in such reference data?

1 Answers  


What are some typical applications for glass-lined reactors?

0 Answers  


Define a barometric condenser?

0 Answers  


I want to know that what type of questions may be come for fertilizer company for written exam?

0 Answers  


What is a good way to get started in doing a plant-wide steam consumption analysis?

0 Answers  






ACCOUNTING AND FINANCIAL ENGINEERING - EXAMPLE 34.28 : In the development of a small engineering facility for biochemical processing, completed contract method is applied in its construction accounting. In a short contract period, let the (contract price) = A. Let the (costs to date) = B; (estimated cost to complete) = C. (a) Find the values of : (i) estimated total costs; (ii) total estimated profit; (iii) percent completion to date. (b) If the project contract is 100 % completed : (i) find the total gross profit recognized; (ii) what is the exact numerical value of C?

1 Answers  


respected sir,i have been selected in the written examination(CHEMICAL) of IOCL Panipat held on 30 m1rch, So please tell me which type of questions asked in this interview frequently.Can u mail me some questions?

22 Answers   HCL, HCPL, HPCL, IOCL,


how much height hight work permit requred

2 Answers   Atul, BARC,


Chemical Engineering Energy Balance - Please match the term A - E as follow with the stated definition : A. Yield. B. Selectivity. C. Relative saturation. D. Molal saturation. E. Absolute saturation. i. Answer : ? (moles of desired product formed) / (moles that would have been formed if there were no side reactions and the limiting reactant has reacted completely). ii. Answer : ? (moles of desired product formed) / (moles of undesired product formed). iii. Answer : ? (relative humidity 40 % means partial pressure of water vapour equals 4 / 10 of the vapour pressure of water at the system temperature). iv. Answer : ? (moles of vapour) / (moles of vapour dry gas). v. Answer : ? (mass of vapour) / (mass of dry gas).

1 Answers  


Is there any way to slow coke formation in ethylene furnaces?

0 Answers  


Why LMTD is calculated in Heat -Exchanger problems..Why dont we take average temperature??

4 Answers   Aker Solutions,


How can we derive power factor equation p=vi cos phi?

0 Answers  


Categories
  • Civil Engineering Interview Questions Civil Engineering (5085)
  • Mechanical Engineering Interview Questions Mechanical Engineering (4451)
  • Electrical Engineering Interview Questions Electrical Engineering (16632)
  • Electronics Communications Interview Questions Electronics Communications (3918)
  • Chemical Engineering Interview Questions Chemical Engineering (1095)
  • Aeronautical Engineering Interview Questions Aeronautical Engineering (239)
  • Bio Engineering Interview Questions Bio Engineering (96)
  • Metallurgy Interview Questions Metallurgy (361)
  • Industrial Engineering Interview Questions Industrial Engineering (259)
  • Instrumentation Interview Questions Instrumentation (3014)
  • Automobile Engineering Interview Questions Automobile Engineering (332)
  • Mechatronics Engineering Interview Questions Mechatronics Engineering (97)
  • Marine Engineering Interview Questions Marine Engineering (124)
  • Power Plant Engineering Interview Questions Power Plant Engineering (172)
  • Textile Engineering Interview Questions Textile Engineering (575)
  • Production Engineering Interview Questions Production Engineering (25)
  • Satellite Systems Engineering Interview Questions Satellite Systems Engineering (106)
  • Engineering AllOther Interview Questions Engineering AllOther (1379)