L2b Build Up Rates for Plants
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DR SHAIFUL AMRI FKA UTM SKUDAI 1 Equipment/ Plants • Cost to own • Annual cost • Hourly cost • Total costs = ownership cost + operating cost
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Transcript of L2b Build Up Rates for Plants
DR SHAIFUL AMRI
FKA UTM SKUDAI
1
Equipment/ Plants
• Cost to own
• Annual cost
• Hourly cost
• Total costs = ownership cost + operating cost
DR SHAIFUL AMRI
FKA UTM SKUDAI
2
Ownership/ Capital costs • Cost of machine • Interest (5 years) • Maintenance/repairs (5 years) • Transportation (5 years) • Estimates yearly (1 year) • Estimates per day • Estimates per hour
Operating/ Handling costs
• Operator 1 DAY (9 hrs)
• Labors 1 DAY
• Cylinder oil 1 DAY
• Diesel 1 DAY
• Grease/lube 1 DAY
DR SHAIFUL AMRI
FKA UTM SKUDAI
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Cost per hour
• Machine usage rate of 1 hour
= CAPITAL + HANDLING (capital cost + operating cost)
• Determine machine usage in hours per time, e.g. 2,000 hrs / year
• Capital cost (purchase price) RM37,000 • Residual Value (resale/scrap value) RM6,000 • Interest on capital 6% compound • Expected Life 5 years • Labor hours worked per annum 1,856 • Annual machine usage 1,600 hours • Maintenance costs 10% of capital cost per annum • Insurance included in company overheads • Road Licence RM2,000 per annum • Operative's rate RM75 per hour • Fuel 5 litres/ hour @ RM2.00/litre • Lubricants allow 10% of fuel costs
DR SHAIFUL AMRI
FKA UTM SKUDAI
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interest
Capital cost (purchase price) RM 37,000 37000.00 2220.00
Residual Value (resale/scrap value) RM 6,000 39220.00 2353.20
Interest on capital 6% 6% compound 41573.20 2494.39
Expected Life 5 years 44067.59 2644.06
Hours worked per annum 1600 46711.65 2802.70
Maintenance costs 10% 10% of capital cost per annum 12514.35
Insurance included in company overheads
Road Licence RM 2000 per annum
Operative's rate RM 7.50 per hour
Fuel 5 litres/ hour @ RM 2.00 per litre
Lubricants allow 10% of fuel costs
Standing Charge
Capital Cost RM37,000.00
Less Residual value RM6,000.00
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Depreciation RM31,000.00
Interest 6% compound on RM37,000 over 5 years RM12,514.35
Maintenance 10% of capital cost per annum RM18,500.00 3700x5 18500
Road licence RM2000 per annum for 5 years RM10,000.00
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Total for 5 years RM72,014.35
Therefore cost per hour is;
Total cost for 5 years divided by total hours worked in five years
72,014 div. by 1600 x 5 RM9.00
Running Charge
Drivers wages 1856 hours @ RM75/hr RM139,200.00
Fuel 1600 hours x 5 litres/hour x RM2.00/litre RM16,000.00
Lubricants 10% of fuel costs RM1,600.00
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Total for 1600 hours RM156,800.00
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Therefore cost per hour is (total/usage) RM98.00
Therefore total cost per hour is:
Standing Charge RM9.00
Running Charge RM98.00
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Total Hourly Cost RM107.00
DR SHAIFUL AMRI
FKA UTM SKUDAI
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• Calculate the nett rate per m3 using this excavator if the output is 5m3/hr for excavating and loading into lorries:
Total hourly cost/output = RM107/hr ÷ 5m3/hr
= RM21.40/m3
DR SHAIFUL AMRI
FKA UTM SKUDAI
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