Joey is trying hard to make a sale and is happy to help you gather info on the MD64s. After a longphone chat, you have the following information.MD64Purchase Price$ 750,000Annual Utilization (hrs/yr)2,000Expected Life (yrs)7Salvage Value24200,000Annual Cost Fuel, Oil, Grease, etc.75,000Lifetime Cost of Repairs$ 750,000Capacity (tons)64Cycle Time (min)12The quarry as a whole works 50 mins of each hour. Calculate the hourly rates for the MD64 haulers,the production rate, and the unit cost each can achieve.MD64 White Sand Quarries is planning to replace a few of their existing MD48 haul trucks and has askedfor your help in deciding between the MD64 and the MD48 trucks. Joey at the truck dealership isconvinced that hauling with the larger MD64 produces a cheaper unit cost ($/ton). There are severaldifferences in the trucks and you are not quite sure he is correct.You've spoken with Mike, who looks after the existing fleet of MD48S and has great records onequipment cost and performance. From him you learn that the MD48 has a 48 ton capacity and cancomplete a full cycle in 10 minutes. He also tells you that he operates a truck in his fleet for$150.91 per hour, which he proudly explains is better than any other fleet in the company andincludes the company standard 10 percent interest paid annually on the book value.Joey is trying hard to make a sale and is happy to help you gather info on the MD64S. After a longphone chat, you have the following information.MD64Purchase Price$ 750,000Annual Utilization (hrs/yr)2,000Expected Life (yrs)7.Salvage Value2$200,000

Answered: Image /qna-images/answer/e489cfb9-e2b5-43c2-a7a3-e9a070e3c7c9.jpg

Joey is trying hard to make a sale and is happy to help you gather info on the MD645. After a long phone chat, you have the following information. MD64 Purchase Price $ 750,000 Annual Utilization (hrs/yr) 2,000 Expected Life (yrs) 7 Salvage Value $ 200,000 Annual Cost Fuel, Oil, Grease, etc. $4 75,000 Lifetime Cost of Repairs 24 750,000 Capacity (tons) 64 Cycle Time (min) 12

Joey is trying hard to make a sale and is happy to help you gather info on the MD645. After a long phone chat, you have the following information. MD64 Purchase Price $ 750,000 Annual Utilization (hrs/yr) 2,000 Expected Life (yrs) 7 Salvage Value $ 200,000 Annual Cost Fuel, Oil, Grease, etc. $4 75,000 Lifetime Cost of Repairs 24 750,000 Capacity (tons) 64 Cycle Time (min) 12

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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