Hi, I need help with this question, there is another answer on Chegg for this bu

Question

Hi, I need help with this question, there is another answer on Chegg for this but it is wrong, can you please show me the steps correctly for this question. Also needed are the current prices of gasoline, Diesel and Lube oil (USA). Please provide the website you found the current values on.

Given that a barrel (1 US oil barrel 159 L) of light crude was Hempel tested and found to contain: 27% gasoline (naptha), 32% diesel, 41% lube oil residue, please calculate the value of the barrel of crude as finished products at a service station. Perform all calculation to the nearest cent. Value of gasoline: Value of diesel: Value of lube oil:_ Total value:_ Profit and tax:_

Explanation / Answer

Particulars of ExtraLabour Standard allowed hours per unit 0.003 Labour rate per hour $10 Annual Units 4800000 Hence, Labour hours required (4800000*0.003) 14400 Thus, Labour cost (14400*$10 per hour) $144,000 Replacement cost $300,000 If the cash flow from themachine is given, the payback period can bedetermined.

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