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In manufacturing a kerosene stove, it is necessary to make two half-inch holes in No. 22 gage metal. If these are drilled with the help of a jig, each hole will require one minute. The jig

In manufacturing a kerosene stove, it is necessary to make two half-inch holes in No. 22 gage metal. If these are drilled with the help of a jig, each hole will require one minute. The jig

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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In manufacturing a kerosene stove, it is necessary to make two half-inch holes in No. 22 metal. If these are drilled with the help of a gage jig, each hole will require one minute. The jig will cost Php40.00. The drill press operator receives Phpl.10 per hour. The holes could me made also on a punch press at the rate of 2 holes each 10 seconds. A die would be required at a cost of Php80.00. The punch operator will receive Php0.90 per hour. If 1,000 stoves are to be produced and the jig or die will have no scrap value (value of an asset after it has come to the end of its useful life), which method will you recommend? Please answer this with complete solutions
Transcribed Image Text:In manufacturing a kerosene stove, it is necessary to make two half-inch holes in No. 22 metal. If these are drilled with the help of a gage jig, each hole will require one minute. The jig will cost Php40.00. The drill press operator receives Phpl.10 per hour. The holes could me made also on a punch press at the rate of 2 holes each 10 seconds. A die would be required at a cost of Php80.00. The punch operator will receive Php0.90 per hour. If 1,000 stoves are to be produced and the jig or die will have no scrap value (value of an asset after it has come to the end of its useful life), which method will you recommend? Please answer this with complete solutions
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