Chemical engineering plant cost index is used for finding the present cost of a particular chemical plant, if the cost of similar plant at some time in the past is known. The present cost of the plant = original cost × (index value at present/ index value at time original cost was obtained). The most major component of this cost index is____________________?

Related Mcqs:

1. Cost of instrumentation in a modern chemical plant ranges from _____________________ percent of the total plant cost?

   A. 5 to 10 B. 20 to 30 C. 40 to 50 D. 60 to 70...

2. ‘Lang factor’ is defined as the ratio of the capital investment to the delivered cost of major equipments. The value of ‘Lang factor’ for fixed capital investment, for a solid-fluid processing chemical plant ranges from ?

   A. 1.2 to 1.4 B. 2.5 to 2.7 C. 4.2 to 4.4 D. 6.2 to 6.4...

3. The economic life of a large chemical process plant as compared to a small chemical plant is_______________?

   A. Only slightly more B. Much more C. Slightly less D. Almost equal...

4. ‘Utilities’ in a chemical process plant includes compressed air, steam, water, electrical power, oxygen, acetylene, fuel gases etc. Utility costs for ordinary chemical process plants ranges roughly from _______________ percent of the total product cost?

   A. 1 to 5 B. 10 to 20 C. 25 to 35 D. 35 to 45...

5. According to six-tenths-factor rule, if the cost of a given unit at one capacity is known, then the cost of similar unit with ” times the capacity of the first unit is approximately equal to _____________ times the cost of the initial unit?

   A. n B. n0.6 C. n0.4 D. √n...

6. Which of the following is not a component of the working capital for a chemical process plant ?

   A. Product inventory B. In-process inventory C. Minimum cash reserve D. Storage facilities...

7. Which of the following is not a component of the fixed capital for a chemical plant facility ?

   A. Raw materials inventory B. Utilities plants C. Process equipment D. Emergency facilities...

8. In a chemical process plant, the total product cost comprises of manufacturing cost and the__________________?

   A. General expenses B. Overhead cost C. R & D cost D. None of these...

9. Total product cost of a chemical plant does not include the ______________ cost?

   A. Market survey B. Operating labour, supervision and supplies C. Overhead and utilities D. Depreciation, property tax and insurance...

10. Equipment installation cost in a chemical process plant ranges from _______________ percent of the purchased equipment cost ?

    A. 10 to 20 B. 35 to 45 C. 55 to 65 D. 70 to 80...