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Chemical Engineering Plant Economics

Chemical Engineering Plant Economics
Following the six-tenth factor rule, if a log-log plot of capacity of the equipment vs. cost of the equipment is made, then a straight line is obtained, whose slope is equal to

0.8
0.6
0.2
0.1

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Chemical Engineering Plant Economics
Personnel working in the market research group is reponsible for the job of

Equipment design
Product evaluation
Equipment selection
Cost estimation

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Chemical Engineering Plant Economics
Direct costs component of the fixed capital consists of

Raw material costs
Onsite and offsite costs
Labour costs
Contingencies

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Chemical Engineering Plant Economics
Fixed charges for a chemical plant does not include the

Property tax, insurance and depreciation
Repair and maintenance charges
Rent of land and buildings
Interest on borrowed money

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Chemical Engineering Plant Economics
Manufacturing cost in a chemical company does not include the

Direct products cost
Administrative expenses
Fixed charges
Plant overheads

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Chemical Engineering Plant Economics
'Six-tenth factor' rule is used for estimating the

Cost of piping
Utilities cost
Equipment cost by scaling
Equipment installation cost

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MORE MCQ ON Chemical Engineering Plant Economics

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